SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee to stabilize in 3-4 days with FII inflows: Finance Ministry

12 Jun 2013 Evaluate

Amid the record fall of rupee value against dollar, the Finance Ministry has assured that the domestic currency will stabilize in the next 3-4 days with large foreign fund flows. Department of Economic Affairs (DEA) Secretary Arvind Mayaram said, weakness in rupee is a temporary phenomenon and in the coming days, foreign institutional investors (FIIs) would bring back funds into the debt segment which would help the rupee inch up from the current levels.

FIIs have pulled out more than Rs 7,600 crore from the Indian debt market in the first week of this month, mainly due to weakness of the rupee. FIIs were gross buyers of debt (Rs 2,487 crore), while they sold bonds worth Rs 10,162 crore resulting into a net outflow of Rs 7,675 crore during June 3-7.

By adding further Mayaram said, presently dollar is appreciating against all the currencies across the world and the rupee has not weakened as much as some of its peers with South African currency depreciating by 11 per cent. Meanwhile, assured that rupee would recover as the country’s economic fundamentals are strong and the government is taking steps to increase fund flows.

Recently, the rupee touched a life-time low of 58.98 against the US dollar. Further, the domestic currency has lost over 2.5 per cent in the two trading days of this week and nearly 10 per cent in the past six weeks owing to concerns over scaling down of stimulus packages by the US.

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:

×