SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar in early trade on Thursday

16 Jul 2026 Evaluate
The Indian rupee weakened against the US dollar in early trade on Thursday amid the escalating conflict between the United States and Iran. The United States intensified its strikes targeting Iran early on Thursday, hitting targets further north as American forces also fired into a ship it accused of trying to break its naval blockade on the Islamic Republic. Iran retaliated with missile and drone fire targeting Bahrain and Kuwait before dawn. Moreover, foreign fund outflows also continued to weigh on the domestic currency. Foreign Institutional Investors offloaded equities worth Rs 735.83 crore in the domestic equity market on Wednesday, exchange data showed. Although, softer-than-expected US consumer price index (CPI) and producer price index (PPI) reports for June cooled Federal Reserve interest rate hike expectations and limited rupee losses.

The partially convertible currency is currently trading at 96.31, weaker by 6 paise from its previous close of 96.25 on Wednesday. The currency touched a high and low of 96.36 and 96.2225 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: