look news india
Mumbai: Due to a steep fall in the rupee against the dollar, the rupee increased in the Mumbai currency market today. There was a significant bounce in the stock market, which had a positive impact on the rupee in the money market. However, during the closed market on Thursday, the Dollar prices fell in the Mumbai currency market. And even today this decline continued.
The price of the dollar opened at 10 rupees. This morning closed at Rs 86.24, while the previous official shutdown closed at Rs 86.24. After the highest level of Rs 86.70. At 86.25, the price soon Rs. The lowest level of 86.25 fell. 86, then Rs. Closed at Rs 85.95 and finally closed at Rs 85.95. 86.07. Today, the rupee strengthened 0.73 percent due to the weakening of 63 paise of the dollar. There were indications that the dollar was under pressure in the world market compared to various currencies.
There was speculation that Swiss currency would reach the highest level of 10 years against the dollar and the dollar would come to the lowest level. In addition to Swiss and Japanese currencies, there was talk of increasing demand for safe investment in European currencies and gold. After falling against the dollar, China’s currency was rejected. The Japanese currency reached a six -and -a -half -month high against the dollar.
The euro reached the highest level after July 2023 against the dollar. The global dollar index declined by another 1.66 percent today against various major currencies in the world market and reached a low of 99.01 to 99.19, losing 100 levels.
Meanwhile, today the British in Mumbai market rose 99 paise to a highest level of Rs 113.06 against the rupee and closed at Rs 112.76. The price of European currency euro increased by 246 paise. The euro reached the highest level of Rs 100. Closed at Rs 98.76. 98.21. According to market sources, the Japanese currency fell by 0.29 percent today against the rupee.
The dollar price was under pressure globally due to increasing trade war between China and America. While crude oil prices in the global market jumped after a shock, India’s foreign exchange reserves increased by $ 10.80 billion to $ 676.36 billion. The news also had a positive impact on the rupee.
