Rupee depreciates against dollar, British pound and euro

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(Gujarat News Office) MUMBAI: The dollar depreciated against the rupee in early trade today. After opening at Rs 4.51 this morning, the dollar closed at Rs 6.5, a high of Rs 4.5 and a low of Rs 4.5. The dollar had lost 12 paise today. The rupee strengthened against the dollar in the currency market today despite the stock market crashing.

However, the dollar index against various major currencies in the world market was showing a slowdown after rising. The dollar index traded at a high of 7.15 and a low of 7.11 after trading at a low of 8.00. The dollar index was down marginally by 0.08 per cent today.

The market was watching the minutes coming out of the Federal Reserve meeting in the US. The British pound fell 3 paise in the Mumbai currency market today. The pound traded lower at Rs 106.51 to Rs 107.05 and Rs 109.05. The European currency, the euro, fell 3 paise to Rs 2.00 against the rupee today.

Meanwhile, the European currency, the euro, fell to a six-month low against the dollar in world markets. The New Zealand dollar also rallied against the dollar as the corona reappeared in New Zealand.

At the central bank meeting, world market players were watching to see if interest rates would be raised. Meanwhile, the Australian dollar also fell to a six-month low.

The British pound fell to a six-month low against the US dollar. The Japanese yen, however, rose against the euro to a five-and-a-half-month high. South Korean currency fell to an 11-month low. However, the Canadian dollar, which had fallen to a four-week low, showed signs of rebounding today.

Meanwhile, in the Mumbai currency market, the Japanese yen depreciated by 0.15 per cent at the end of the day, while the Chinese currency depreciated against the rupee by 0.08 per cent. This was stated by market sources.

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