SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Tuesday

27 Aug 2024 Evaluate
Indian rupee weakened against the US dollar on Tuesday, driven by elevated crude oil prices followed by increased geopolitical tensions in the Middle East. However, some losses were limited by optimism for imminent US interest rate cuts and foreign fund inflows into Indian capital markets. Foreign Institutional Investors were net buyers in the capital markets on Monday as they purchased shares worth Rs 483.36 crore, exchange data showed. India’s weightage in the MSCI Global Standard Index is set to increase, potentially attracting nearly $3 billion into the Indian market by the end of the month. 

The partially convertible currency is currently trading at 83.94, weaker by 7 paise from its previous close of 83.87 on Monday. The currency touched a high and low of 83.95 and 83.9150 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: