SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends higher against dollar on Tuesday

01 Aug 2023 Evaluate

Indian rupee ended higher against the American currency on Tuesday despite muted trend in domestic equities. Investors got support as the output of eight core industries expanded at a five-month high of 8.2 per cent in June 2023 on healthy performance by sectors such as natural gas and steel. Besides, India collected Rs 1.65 lakh crore Goods and Services Tax (GST) for the month of July, registering growth of 11% from a year earlier. Traders overlooked report stating that India's manufacturing sector activity slowed down in the month of July but remained above the neutral level of 50.0, amid ongoing buoyant demand and muted cost inflationary pressures. On the global front, the pound was little changed on Tuesday as investors looked towards an uncertain Bank of England interest rate decision on Thursday. 

Finally, the rupee ended at 82.26 (Provisional), higher by 3 paise from its previous close of 82.29 on Monday. The currency touched a high and low of 82.33 and 82.24 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: