look news india
Mumbai: Due to the rise in dollar against the rupee, the rupee was seen trading at a new low of 83.50 in the Mumbai currency market today. Despite the rise in the stock market, the market was surprised when the value of rupee fell in the currency market today.
The dollar price against the rupee rose to Rs 83.36 from Rs 83.49 on Saturday, after opening at Rs 83.39 this morning, the price reached Rs 83.50 and finally closed at Rs 83.47. , The rupee today fell by 0.13 per cent against Friday's official close, while the dollar appreciated by 12 paise against the rupee.
The global dollar index fell 0.26 percent against various major currencies in the world market. The global dollar index fell 0.26 percent against various major currencies in the world market. It is reported that the global dollar index is today at a low level of 105.46 to 105.66.
The two-day meeting of the Federal Reserve in the United States is scheduled to begin on Tuesday and the market was eyeing the next interest rate signal by the Federal Reserve Chairman at the conclusion of the meeting on Wednesday. Market experts were saying that there is little possibility of immediate cut in interest rates.
Meanwhile, the pound today rose 28 paise to close at Rs 104.67 against the rupee in the Mumbai market, while the European currency euro fell five paise to close at Rs 89.30 against the rupee. Amidst the migration, the Japanese currency today closed at a high of Rs 104.67 against the rupee. An increase of 1.09 percent is expected. In the world market too, the Japanese currency, which had reached a 34-year low against the dollar, showed signs of a bounce back from the bottom today. Meanwhile, the Chinese currency appreciated by 0.19 percent against the rupee in Mumbai market today.