look news india
Mumbai: The price of dollar continued to fall against the rupee in Mumbai currency market even today. As the stock market surged, the currency market had a positive impact on the value of the rupee. In the closed market on Saturday, the dollar price fell from Rs 83.48 to Rs 83.41. After opening at Rs 83.40 this morning, the price touched a high of Rs 83.45 and then fell to a low of Rs 83.32 and finally closed at Rs 83.37.
The dollar declined by 11 paise and the rupee appreciated by 0.13 per cent in the currency market compared to Friday's official price. The global index of the dollar against various major currencies in the world market today was pointing towards a range of 106.19 to 106.15 after hitting a low of 105.98.
Domestic dollar prices were overall under pressure today despite a fall in the global dollar index. Today the rupee fell by 102 paise against the pound. The price of pound fell from Rs 103 to Rs 102.90 and the last price was Rs 102.92.
The price of European currency Euro today fell to Rs 88.77 and was last at Rs 88.80. The Japanese currency fell by 0.22 percent against the rupee today while the Chinese currency weakened by 0.20 percent against the rupee. However, market experts were saying that the strength in the rupee value has been limited to the extent that forex reserves in India have stopped growing and have been on the decline recently.