British pound jumps above Rs 102: Euro rises

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(Gujarat News Office) MUMBAI: The dollar was trading against the rupee in the Mumbai currency market today amid two-way fluctuations. Market players were keeping an eye on the inflation figures coming out of the US. After opening at Rs 4.5 this morning, the dollar closed at a low of Rs 4.5 and a high of Rs 4.31.

In the global market, the dollar index against various major currencies also showed signs of fluctuating between bilateral fluctuations. The dollar index was reported to be at a high of 6.5 to 7.5 after hitting a two-week high of 7.5 to 7.5.

The next move of the market has been based on the changes in the Consumer Price Index in the US. In addition, the market will be keeping a close eye on the US Federal Reserve meeting next week, experts said.

Meanwhile, the British pound jumped 3 paise to cross Rs 105 against the rupee today. The pound opened at Rs 101.5 in the morning with a low of Rs 101.5 and a high of Rs 103.5 and closed at Rs 103.15. In addition to the British pound, the European currency, the euro, also rose against the rupee today.

At the beginning of the day, the euro opened at Rs 4.00, opened at Rs 4.31, closed at Rs 4.15 and closed at Rs 4.05. The euro rose 15 paise today. China's currency rose against the rupee today and closed 0.18 per cent higher at the end of the day, market sources said.

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