SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee depreciates against US dollar on Thursday

14 Nov 2024 Evaluate

Indian rupee depreciated against the US dollar on Thursday weighed down by unabated foreign fund outflows and strong dollar demand from investors. Sentiments got hit after Inflation based on wholesale price index (WPI) in India jumped in the month of October 2024 to 2.36% from 1.84% in September 2024, due to increase in prices of food articles, crude petroleum & natural gas and electricity. On the global front, pound plugged fresh multi-week lows against dollar on Thursday after a sharp fall in the previous session following data that showed inflation was easing in the UK.

Finally, the rupee ended at 84.46 (Provisional), depreciated 6 paise from its previous close of 84.40 on Wednesday. The currency touched a high and low of 84.47 and 84.39 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:

×