The dollar fell below Rs 74 again

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(Gujarat News Office) MUMBAI: The rupee rebounded sharply against the dollar in the Mumbai currency market today. Had landed within Rs. The British pound and the European currency, the euro, were also lower against the rupee today. However, the dollar index rose against a basket of various currencies in the world market today, indicating that it is fluctuating in both directions.

In the Mumbai currency market, the dollar rose to a high of Rs 6.5 after opening at Rs 6.10 against the rupee in the morning, but then fell sharply to a low of Rs 5. The last closing price was Rs 4.5. The dollar had lost 21 paise overall today. Following the so-called RBI directives, some state-owned banks today started selling dollars at higher dollar prices, according to market discussions.

Exporters also saw a sell-off in the dollar today. Against the new demand of importers slowed down. In the global market, meanwhile, the dollar index was trading at a low of 91.8, with a low of 61.81 and a high of 21.5 to close at 41.8.

Meanwhile, the global dollar futures market was recently boosted by bearish sales. Earlier this year, global dollar prices fell to a three-year low at one point. However recently sales have been cut. The rise in global dollar prices in two days has broken an 18-month record. The world market is watching to see if the bearish sales are cut further.

In the Mumbai currency market, the British pound opened at Rs 106.5 against the rupee today, opening at Rs 13.15, closing at Rs 103.5 and closing at Rs 103.15. The British pound fell 3 paise today. European currencies also softened against the rupee today.

The euro opened at Rs 4.51 this morning with a price of Rs 7.5. The highest price was Rs 4.5 and the lowest was Rs 4.5. The last closing price was Rs 4.5. The euro fell 19 paise overall today. The euro fell 19 paise overall today. The Japanese yen was up 0.5 per cent against the rupee at the end of the day, while the Chinese currency was last quoted at 0.15 per cent higher against the rupee.

Meanwhile, in the US, unemployment claims, which have been falling steadily for the past six to eight weeks, are now reported to have stopped declining and risen again. This again raised concerns about the job market and the currency market kept an eye on it.

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