SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Thursday

23 Jan 2025 Evaluate
Indian rupee weakened against the US dollar on Thursday as the American currency strengthened marginally against its major peers overseas. Meanwhile dollar demand from importers, persistent foreign fund outflows by foreign investors, and uncertainty around trade policies on new US President Donald Trump have also weighed on domestic currency. Foreign Institutional Investors remained net sellers in the capital markets on Wednesday, offloading shares worth Rs 4,026.25 crore, exchange data showed. However, drop in crude oil rates and firm domestic equities have limited further falls in rupee.

The partially convertible currency is currently trading at 86.42, weaker by 7 paise from its previous close of 86.35 on Wednesday. The currency touched a high and low of 86.5225 and 86.3825 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:

×