Rupee rises: Dollar, British pound and euro depreciate

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(Gujarat News Office) MUMBAI: The rupee strengthened further against the dollar in early trade today. The rupee strengthened on the back of rising inflows in the currency as the stock market rallied and the number of various IPOs in the capital market increased, market analysts said.

Meanwhile, in the Mumbai market, the dollar opened at Rs 4.5 against the rupee in the morning today, after which it touched a high of Rs 4.5, then fell again to a low of Rs 4.5 and closed at Rs 4 at the end of the day. 20 remained. The dollar fell another seven paise overall today. Meanwhile, the dollar index rose against various major currencies in world markets today.

The dollar index, which had a low of 7.5, was at a low of 7.5 and a high of 6.5. The dollar index was up 0.11 per cent today. The rise in unemployment claims in the US has had a positive effect on the global dollar index as wholesale data has improved.

Meanwhile, the British pound fell in the Mumbai currency market today. The pound opened at Rs 105.5 against the rupee at Rs 109.3 this morning, after reaching a high of Rs 106.5, then fell to a low of Rs 106.15 and closed at Rs 104.51 at the end of the day. The pound was down 18 paise today.

Europe's currency, the euro, also remained soft. After opening at Rs 3.5 at the beginning of the day, the price of Euro started at Rs 4.5, then at the high of Rs 4.5, then at the bottom of the price, it went down to Rs 4.31. Was. The Japanese yen was down 0.3 per cent against the rupee at the end of the day. According to currency market sources, the Chinese currency last depreciated by 0.15 per cent against the rupee.

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