SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on Tuesday

17 Oct 2023 Evaluate
Indian rupee strengthened against the US dollar on Tuesday amid firm domestic equities following a pullback in crude oil prices and the dollar index at overseas markets. Moreover, RBI's regular intervention also supported rupee sentiments. However, sustained foreign fund outflows limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital markets as they sold shares worth Rs 593.66 crore on Monday, exchange data showed. Meanwhile, investors are keenly awaiting US Federal Reserve Chair Jerome Powell's speech this week for more clues on the central bank's interest rate path.

The partially convertible currency is currently trading at 83.24, stronger by 3 paise from its previous close of 83.27 on Monday. The currency touched a high and low of 83.2450 and 83.22 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:

×