Rupee depreciates against dollar, British pound and euro

-


(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.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more