Indian rupee appreciated against the US dollar on Monday supported by a firm trend in domestic equities and foreign capital inflows. Sentiments were upbeat as India's extreme poverty rate declined sharply to 5.3 per cent over a decade from 27.1 per cent in 2011-12 even as the World Bank revised upwards its threshold poverty line to $3 per day. Some support also came with Commerce and Industry Minister Piyush Goyal’s statement that India is receiving FDI inflows from 112 countries compared to 89 in 2013-14, underscoring the country's rising global appeal. He said the government is committed to making India the world's most preferred investment destination. On the global front, Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
Finally, the rupee ended at 85.66 (Provisional), appreciated by 02 paise from its previous close of 85.68 on Friday. The currency touched a high and low of 85.72 and 85.45 respectively.
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.
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.
MoneyWorks4Me ensures this through: