look news india
Mumbai: The price of dollar rose sharply against the rupee in the Mumbai currency market today and reached a new high of Rs 84, indicating that the rupee has reached a new high before Dussehra. Today, market experts were expressing fear of rising inflation in the country before Diwali as the import cost of various goods imported into the country has increased due to falling rupee and rising dollar prices. This morning, after opening at Rs 83.96, one dollar rose to Rs 83.98, reached Rs 84.09 and last closed at Rs 84.07. The impact of the fall in the stock market was seen on the rupee today.
Meanwhile, as per the discussion in the currency market, the withdrawal of dollars from the country's stock markets and bond markets has increased and due to this, the dollar has witnessed a rise in the rupee against the rupee. This month saw a withdrawal of about $5.70 billion from the stock market. When there was talk of an outflow of $125 million from the bond market. There were indications that money was being sent from India to China.
Meanwhile, as the record rise in the country's foreign exchange reserves came to a halt, the news of such foreign exchange reserves falling by $ 3.70 billion to $ 701.18 billion was also influenced by the so-called advice of RBI in Mumbai to save the rupee from falling. Money market. Market insiders said there has been a comeback.
Some part of the market today was showing that if the price of dollar will go up to 84.15 then it will go up to Rs 84.50. However, while on one hand the rupee was falling against the dollar today, on the other hand there was also news that various Asian currencies have appreciated against the dollar in the world market. News came in the world market that the global dollar index fell from 102.99 to 102.77 to 102.88 today. The British pound rose from Rs 109.82 to Rs 109.97 in the Mumbai market and finally stood at Rs 109.89.
The price of European currency Euro increased from Rs 91.81 to Rs 92.10 and was last at Rs 91.98. However, the Japanese currency depreciated by 0.18 per cent against the rupee, while the Chinese currency appreciated against the rupee. India's foreign exchange reserves fell for the first time in eight weeks and ultimately fell to $701.18 billion after hitting consecutive new highs on October 4. ,
Gold reserves fell by $3.71 billion from a record high of $704.89 billion in the reporting week after a total increase of $35 billion over the past seven weeks, according to Reserve Bank of India data. Gold reserves declined by $4 million to $65.76 billion in the reporting week. It is left. Special Drawing Rights also declined marginally by $12.3 million to $18.43 billion.
foreign exchange rates
darling Item.
pound 109.89
euro war.yum
yen 1.77