SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee pares early losses; November WPI data eyed

16 Dec 2013 Evaluate

Indian rupee, despite paring early losses, was trading tad weaker on Monday, on prospects of a rate hike by RBI in its upcoming mid-quarterly policy review. Further, prevailing caution ahead of the release of November wholesale price index data, which is expected to remain at eight-month high level of 7%, is also restricting the appreciation of Indian currency in the wake of positive local equities. Additionally, increased demand for dollar from importers and weak domestic equity market dampened the rupee sentiment. On the global front, dollar moved little in Asia on Monday as investors waited to see if the Federal Reserve would begin to scale back its massive bond buying stimulus program this week.

The partially convertible currency is currently trading at 62.10, unchanged from its previous close 62.12 on Friday. The currency has touched a high and 62.24 and 62.08 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.12 and for Euro stood at 85.41 on December 13, 2013. While, the RBI’s reference rate for the Yen stood at 59.90, the reference rate for the Great Britain Pound (GBP) stood at 101.5335. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
December 13, 201362.12101.5335
December 12, 201361.62 100.8350

(RBI-Reference Rate)

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: