The Chinese government poured 120 billion yuan into the Evergrand crisis

(Gujarat News Office) MUMBAI: The dollar rose sharply against the rupee in early trade today, hitting a close of Rs 4. After opening at Rs 4.50 this morning, the dollar closed at Rs 4.5, a low of Rs 4.5 and a high of Rs 4.5. The dollar had gained 7 paise today. Against the rupee weakened.

In the global market, the dollar index was quoted at a high of 7.50 and a low of 6.8 and a low of 6.15 to 7.81. The players were watching the meeting of the US Federal Reserve in the world market.

Meanwhile, market analysts were predicting that the financial crisis of China's construction giant Evergrande will have an impact on India's currency market and the rupee will remain under pressure. Experts were counting on the impact of China's crisis on the currencies of various emerging global countries. Under such circumstances, the Indian rupee is likely to depreciate to Rs.

Now the question of Evergrande is being looked at at how the Chinese government handles it. Evergrande has a debt of more than 200 billion and the question of whether the company will be able to keep interest on bonds is likely to be answered on Thursday. China's central bank was also instructed to inject 150 billion yuan (૮ 16.50 billion) into the banking system.

Meanwhile, the British pound depreciated by five paise against the dollar in the Mumbai currency market today. The pound opened at Rs 100.50 this morning with a price of Rs 100.5, a high of Rs 100.5 and a low of Rs 100.5 to Rs 100.5.

The European currency, the euro, rose 3 paise. The euro opened at Rs 4.50 today with a low of Rs 4.50 and a low of Rs 4.5 and a high of Rs 4.5 and closed at Rs 4.5. The Japanese rupee had gained 0.15 per cent against the rupee today, while the Chinese currency was trading 0.4 per cent higher against the rupee at the end of the day.