Rupee retreats against dollar, pound and euro

(Gujarat News Office) MUMBAI: The rupee weakened against the dollar in early trade today. There was also news of a rise in the dollar index against various currencies in world markets. At home, there were indications of a decline after the stock market rose today and its impact was seen on the currency market.

In the Mumbai currency market, the dollar opened at Rs 6.15 this morning, closing at Rs 4.15, a low of Rs 4.15 and a high of Rs 4.31 to Rs 4.5. The dollar rose five paise today. Meanwhile, the dollar index, which has a range of 6.5 per cent in global markets, was at a low of 7.5 today and a high of 6.05. The dollar index was up 0.08 per cent today.

In global markets, the dollar index rebounded from a one-week low. Recently, the index rose to a nine-and-a-half-month high. Now the players' eyes were on the annual meeting of the Federal Reserve in the United States on Friday.

Meanwhile, in the Mumbai currency market, the British pound opened at Rs 101.81 against the rupee today and closed at Rs 101.81, down from Rs 101.81 to Rs 101.03 and Rs 101.01. The pound rose 30 paise today.

The European currency, the euro, opened at Rs 4.10 today, closing at Rs 4.05, the lowest at Rs 4.81 and the highest at Rs 4.5. The euro rose 19 paise today.

However, the Japanese yen remained flat today at the end of a narrow volatility against the rupee, while the Chinese currency traded up 0.01 per cent at the end of the day amid a slower recovery against the rupee, currency market sources said.