look news india
Mumbai: The Mumbai currency market jumped like a spring today as the dollar broke sharply from its all-time high against the rupee. Due to the rise in the stock market, a positive impact on the rupee was seen in the currency market. The dollar price opened at Rs 84.36 this morning and closed at Rs 84.47, then rose to a high of Rs 84.39, then fell sharply to a low of Rs 84.25 and finally closed at Rs 84.29. Today the rupee increased by 18 paise against the dollar, an increase of 0.21 percent was seen in the rupee.
After the appointment of fund manager Scott Besant as the Treasury Secretary in America, there were indications of lowering of treasury yields in the bond market, which also affected the price of the dollar. The global index of the dollar fell 0.57 per cent today to a range of 107 against various major currencies in the world market, indicating that it was at 106.80 to 106.94.
Due to increase in the prices of British pound and European currency Euro against the dollar in the world market, the price of pound increased by 30 paise against the rupee in Mumbai market today and the price reached Rs 106.40 and finally stopped at Rs 105.98. , While the euro rose by 55 paise to Rs 88.48, the last close was Rs 88.41. However, today the Japanese currency remained calm against the rupee and ended in a sideways trend, while the Chinese currency ended 0.21 percent lower against the rupee.
The dollar index, which reached a 13-month high in the world market at the end of last week, was seen falling from the top level today. After the change in MSCI’s Global Equity Index, there was news of increase in inflow of dollars in the form of portfolio investment in the country and its effect was also seen on the price of rupee and dollar in the currency market.