Rapid fall in global dollar index ahead of federal meeting

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(Gujarat News Office) MUMBAI: The dollar traded flat against the rupee in the Mumbai currency market today, closing at the end of the day. However, the dollar index fell against various major currencies in world markets today. The US Federal Reserve is scheduled to meet on Tuesday and Wednesday, and the dollar index was under pressure in global markets today, market analysts said.

The softening of the stock market at home today also had an impact on the volatility of the currency market. In the Mumbai currency market, the dollar opened at Rs 4.51 against the dollar in the morning today, after which it touched a high of Rs 4.5, a low of Rs 3.50 and a closing price of Rs 4.31.

However, the dollar index was broken in the world market. The dollar index, which had a high of 7.91, fell to a low of 7.5 today from a low of 7.5. The dollar index was down 0.5 per cent today.

Meanwhile, the British pound rose sharply against the rupee today. The British pound opened at Rs 107.51 today and closed at Rs 105.5, down from Rs 103.5 and high at Rs 103.5. The pound was up 0.5 per cent today and gained 20 paise.

European currencies also rose against the rupee today. After opening at Rs 6.50 this morning, the euro was trading at Rs 4.5, closing at Rs 6.5, the lowest and Rs 7.5 at the highest. The euro rose 3 paise overall today.

The Japanese yen closed 0.15 per cent higher at the end of the day against the rupee, while the Chinese currency closed lower at the end of the day. Meanwhile, Chinese stock markets fell today to a one-week low against the dollar, according to world market news.


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