Rupee settled lower against dollar on Friday weighed down by a strong greenback overseas and surging crude prices in the international market. Traders got anxious as a report by economic think tank GTRI said India's exports of products like coffee, leather hides and paperboard worth $1.3 billion annually to the European Union will get impacted due to the deforestation regulation adopted by the EU earlier this week. Besides, a private report stated that India-focused offshore funds and exchange-traded funds (ETFs) witnessed a 9 per cent quarter-on-quarter decline in inflows to $803 million in the January-March period, mainly due to an uncertain global economic environment. On the global front, the pound was heading for its second straight weekly fall against the dollar on Friday, weighed down by a resurgent dollar and weakness in the British economy.
Finally, the rupee ended at 82.67 (Provisional), weaker by 5 paise from its previous close of 82.62 on Thursday. The currency touched a high and low of 82.80 and 82.64 respectively.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: