SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee end marginally higher against dollar on Tuesday

03 Dec 2024 Evaluate

Indian rupee ended marginally higher against dollar on Tuesday, on continued selling of the American currency by exporters and banks and easing crude oil prices. Traders took support with Economic Affairs Secretary Ajay Seth’s statement that second quarter GDP growth at 5.4 per cent is lower than the potential but exuded confidence that the second half to be better. He added several high-frequency indicators in the month of October are pointing towards that. However, gains were limited as market participants remained on sidelines ahead of the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. On the global front, the euro edged up on Tuesday, regaining some poise after political turmoil in France sent traders scrambling for hedging protection against further price swings, while the yuan hit a 13-month low on tariff risks and weakness in China's economy. 

Finally, the rupee ended at 84.68 (Provisional), appreciated by 4 paise from its previous close of 84.72 on Monday. The currency touched a high and low of 84.76 and 84.64 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:

×