SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on Friday

02 Jun 2023 Evaluate

Indian rupee strengthened against the US dollar on Friday amid weakness in American currency following news that the US House passed a bill to raise the US debt ceiling. Moreover, strong domestic macroeconomic data also supported rupee. GST collections crossed Rs 1.50 lakh crore for the third month in a row, recording a 12% increase in May at over Rs 1.57 lakh crore. However, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 71.07 crore, exchange data showed.

The partially convertible currency is currently trading at 82.31, stronger by 9 paise from its previous close of 82.40 on Thursday. The currency touched a high and low of 82.3825 and 82.30 respectively.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×