look news india
Mumbai: The price of dollar rose against rupee in Mumbai currency market today. Market players were eyeing the exit polls of the elections to be released on Saturday (today). The price of dollar opened at Rs 83.25 with a high of Rs 83.23 in the morning, then the price rose sharply to a high of Rs 83.49 and the last closing price was Rs 83.46.
On the last day of the month, there was a discussion about the increase in dollar consumption by importers and oil companies. The news of India's foreign exchange reserves falling by two billion dollars to $646.67 billion was also expected to have a negative impact on the value of the rupee.
Meanwhile, the quarterly GDP growth in the US was reported to be 1.30 percent against the expectation of 1.60 percent. At the same time, unemployment claims increased by 3000 to 2 lakh 19 thousand. This not only gave signals of growth in the market, but there was also a discussion in the market that the possibility of further reduction in interest rates has again become strong.
In the global market, the global dollar index remained low today amid a slow decline at 104.69 from 104.68. In the Mumbai market, the value of British pound rose by 30 paise against the rupee to Rs 106.22 and finally settled at Rs 106.21. Against the rupee, the European currency euro today rose by 45 paise to Rs 90.53 from Rs 90.54.
However, the Japanese currency was 0.11 percent weaker against the rupee. On the other hand, there are indications that the Chinese currency may remain above 0.05 percent. According to sources in the world market, due to the high interest rate in America, the burden on the companies there has increased by about $380 billion.
