look news india
MUMBAI: The dollar prices ended with a slow decline against the rupee in the Mumbai currency market today, ending the sideways movement. After opening at Rs 83.92 in the morning, the dollar price rose to Rs 83.97 and finally closed at Rs 83.96. Market experts were saying that after rising initially, the stock market fell again in the afternoon, but the rupee remained strong in the currency market initially.
Interest rates were maintained in the loan policy of the Reserve Bank. But there was news that the Reserve Bank has indicated that the interest rate will be reduced in the upcoming meeting. Meanwhile, market players were keeping an eye on the minutes coming from the last meeting of the Federal Reserve in the US.
Meanwhile, in global markets New Zealand cut interest rates by half a percentage point, sending the New Zealand currency to a new low against the dollar since August 19. Now the market was eyeing the upcoming inflation figures in America. The Australian dollar fell to its lowest level against the US dollar since September 16.
Meanwhile, in the world market, the global dollar index was trading at 102.46 after hitting a low of 102.55 and moving from a high of 102.72 to 102.61. In Mumbai market, the price of British pound fell by 6 paise to Rs 109.62 and last price was Rs 109.89, while the price of European currency euro fell by 18 paise to Rs 91.94 and last price was Rs 109.89. .92.08 left.