look news india
Mumbai: The price of dollar fell sharply against rupee in Mumbai currency market today, however despite the fall in the stock market, the currency market witnessed a sharp sell-off in dollar today. Today morning the price of dollar opened at Rs 83.92 per dollar at Rs 83.98, the highest price was Rs 83.95, then the lowest price was Rs 83.85 and the last closing price was Rs 83.89.
Dollar-rupee forward rates rose. Global experts were predicting that interest rates in the US would be reduced by half a percent in the coming weeks. Pressure was seen on bond yields and dollar index globally.
Meanwhile, India's foreign exchange reserves rose by $5.20 billion to a new high of $689.24 billion, which had a positive impact on the rupee in the currency market today. There was news that the global index of the dollar against various major currencies in the world market fell sharply to below 101 and its effect was seen on the price of the dollar at the domestic level.
The global dollar index was between 100.90 and 100.96 today from a low of 101.37. The prices of the British pound and the European currency euro rose against the dollar in the world market. In the Mumbai market today, the price of the pound against the rupee rose from Rs 109.60 to Rs 110.42 and finally settled at Rs 110.21. While the price of the euro jumped from 92.50 to Rs 93.13 and was last at Rs 93.07.
The Japanese currency rose by 1.22 percent against the rupee today. While there were indications that the value of the Chinese currency has increased by 0.25 percent. Apart from the British and European currencies, the currencies of various Asian countries also rose against the dollar in the world market today.