SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee appreciates against dollar on Thursday amid FII inflows

24 Apr 2025 Evaluate

Indian rupee appreciated against the U.S. dollar on Thursday supported by sustained foreign institutional investor (FII) buying. Investors overlooked the report that World Bank in its latest ‘South Asia Development Update’ has lowered India’s economic growth forecast for 2025-26 by 40 basis points to 6.3 per cent, over global economic weakness and policy uncertainty. In India, growth is expected to slow from 6.5 per cent in 2024-25 to 6.3 per cent in 2025-26 as the benefits to private investment from monetary easing and regulatory streamlining are expected to be offset by global economic weakness and policy uncertainty. On the global front, Australian dollar weakened against other major currencies in the Asian session on Thursday, as some traders speculate that the Reserve Bank of Australia (RBA) is likely to lower interest rates by 25 basis points at its next month meeting.

Finally, the rupee ended at 85.33 (Provisional), appreciated by 12 paise from its previous close of 85.45 on Wednesday. The currency touched a high and low of 85.67 and 85.25 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:

×