SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends higher against greenback on Monday

15 Jan 2024 Evaluate

Indian rupee ended higher on Monday, driven by a rally in the domestic equity markets. Markets participants ignored report that inflation based on wholesale price index (WPI) surged to a nine-month high of 0.73 percent in December 2023 as against 0.26 percent in November 2023, due to increase in prices of electricity, machinery & equipment, pharmaceuticals, medicinal chemical & botanical products and electrical equipment. Meanwhile, the index of industrial production (IIP) grew by a meagre 2.4 per cent in November compared to 11.7 per cent in October. On the other hand, the Consumer Price Index (CPI)-based retail inflation slightly rose to 5.69 per cent year-on-year (Y-o-Y) in December from 5.55 per cent in November. On the global front, dollar ebbed on Monday as investors revived their bets of early rate cuts by the Federal Reserve, while the yuan fell to a one-month low after China's central bank surprised markets by keeping its medium-term policy rate steady.

Finally, the rupee ended at 82.86 (Provisional), stronger by 9 paise from its previous close of 82.95 on Friday. The currency touched a high and low of 82.91 and 82.77 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: