SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Tuesday

24 Sep 2024 Evaluate

Indian rupee weakened against the US dollar on Tuesday tracking muted domestic equities and rising crude oil prices, even as S&P Global Ratings maintained India's growth forecast at 6.8% and expected the Reserve Bank of India (RBI) might cut interest rates in October. However, some falls were limited by 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 404.42 crore, exchange data showed. 

The partially convertible currency is currently trading at 83.62, weaker by 8 paisa from its previous close of 83.54 on Monday. The currency touched a high and low of 83.6275 and 83.54 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: