SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee gives up early gains on increased dollar demand

13 Feb 2014 Evaluate

Indian rupee after making a firm start lost its way in the mid of the trade tailing the drubbing in the local equity markets and on fresh dollar demand from importers and public sector banks on behalf of their oil marketing clients. The domestic currency made a positive start supported by initial dollar selling by exporters, while strengthening of other currencies amid increased capital inflows and fall in retail inflation too supported the rupee. But later the free fall in domestic equities weighed on the sentiments and the rupee too lost its strength, snapping two days gaining streak. In the global markets the dollar turned lower against the pound and euro ahead of the release of US retail sales data seen as key to gauging the strength of the world’s biggest economy.

Finally the rupee ended at 62.44, weaker by 34 paise from its previous close of 62.10 on Wednesday. The currency touched a high and low of 62.46 and 62.05 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.27 and for Euro stood at 84.87 on February 13, 2014. While, the RBI’s reference rate for the Yen stood at 61.02, the reference rate for the Great Britain Pound (GBP) stood at 103.4658. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

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:

×