Rupee falls against dollar

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(Gujarat News Office) MUMBAI: The rupee appreciated sharply against the dollar in early trade today. The rupee depreciated against the dollar in early trade today as the stock market plunged. Besides, the rise in the dollar index against a basket of six major currencies in the global market today has had a positive effect on the dollar in the Mumbai currency market, currency market sources said.

Meanwhile, the British pound depreciated against the rupee while the European currency, the euro, appreciated.

There was news that the Australian dollar fell to a seven-month low in world markets. Market sources said that safe haven buying in US dollars has increased due to the outbreak of Delta Coro virus in various countries of the world.

The pound was soft on world markets. The dollar index rebounded to a three-month high. Landmark loan primaries in China will be released on Tuesday and a meeting of the European Central Bank will be held on Thursday.

Meanwhile, in the Mumbai currency market, the dollar opened at Rs 4.5 against the rupee at Rs 6.5 this morning, after which it touched a low of Rs 4.91 and a high of Rs 4.5 to close at Rs 4.5. .

The dollar had gained 3 paise to close at Rs 5 today. Earlier, the dollar had touched a 52-week high of Rs 4.05 and had moved closer to the middle of the market, market sources said.

Meanwhile, in global markets, the dollar index was lower at 7.5 today and was at a low of 6.5 and a high of 8.05. The dollar index rose 0.5 per cent today from overseas. However, the British pound depreciated against the rupee in the Mumbai currency market today.

The British pound opened at Rs 105.10 today and closed at Rs 105.50 with a low of Rs 106.5 and a high of Rs 103.5. The pound fell 20 paise today. There was news of a pound depreciation in the world market as Corona cases resurfaced in Britain.

In the Mumbai market, the euro opened at Rs 6.15 with a price of Rs 2.15 and closed at Rs 4.50, a high of Rs 4.11 and a low of Rs 2.11. The euro rose seven paise today. Meanwhile, the Japanese yen rose 0.6 per cent against the rupee today, while the Chinese currency rose 0.50 per cent, market sources said.

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