SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens marginally against US dollar on Thursday

06 Jun 2024 Evaluate
Indian rupee weakened marginally against US dollar on Thursday as investors are cautiously awaiting the RBI's monetary policy decision and US non-farm payrolls report, both due on Friday. Rupee fell further as stronger-than-expected US services sector data highlighted uncertainty surrounding the expected start of the Federal Reserve's easing cycle later this year. However, some losses were limited by weak American currency and firm domestic equities as Narendra Modi prepares to take office for an unprecedented third consecutive term as Prime Minister, with the NDA securing 293 seats in the Lok Sabha elections.  

The partially convertible currency is currently trading at 83.46, weaker by 2 paise from its previous close of 83.44 on Wednesday. The currency touched a high and low of 83.4750 and 83.40 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: