Dollar rally against the rupee

(Gujarat News Office) MUMBAI: The Mumbai currency market today rallied against the rupee and the dollar fell again. World market news also showed a sell-off in the global dollar index. Demand from oil companies in dollar terms has recently picked up in the domestic currency market, market sources said today.

In the Mumbai currency market, the dollar opened at Rs 6.5 against the dollar in the morning, touched a low of Rs 4.15 and a high of Rs 4.5. The overall decline was 11 paise. The dollar, which had gained ground in the previous two days, fell again today. Meanwhile, the dollar's index against various currencies in the world market was trading at a high of 61.8 today and a low of 31.50 and a low of 21.8.

According to the chairman of the US Federal Reserve, despite the rise in inflation in the US, the government will not rush to raise interest rates there, and top monetary policy officials have indicated that the monetary policy will continue as the economic recovery continues. This has had an impact on the value of the dollar in the global market as well as on the domestic currency market, market analysts said.

Meanwhile, in the Mumbai currency market, the European currency, the euro, opened lower at Rs 4.5 against the rupee today, hitting a low of Rs 7.5 and a high of Rs 4.5, before closing at Rs 4.5.

The euro depreciated by 41 paise against the rupee today. The British pound opened at Rs 105.15 against the rupee today, after opening at Rs 105.15 in the morning.

The British pound gained 3 paise against the rupee today, thus the dollar retreated against the rupee today, while the British pound and the euro saw mixed weather in the market. Meanwhile, the Japanese yen was down 0.4 per cent at the end of the day against the rupee today, while the Chinese currency was last 0.02 per cent weaker against the rupee, market analysts said.