The dollar fell 24 paise today

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Signs of declining bond buying and rising interest rates in the US


(Gujarat News Office) MUMBAI: The rupee weakened sharply against the dollar in early trade today. The rupee rose sharply against the dollar in the currency market today on record highs and the stock index rose to close at 30,000, market sources said.

In the Mumbai market, the dollar opened at Rs 4.5 in the morning with a price of Rs 4.5. The dollar fell 3 paise today.

There was also news of a sharp rise in the dollar index against various major currencies in world markets. The US Federal Reserve has indicated that bond buying in the US is likely to ease further in the near future.

The global dollar index, which had a low of 7.5, rose to a low of 6.15 and a low of 6.15 to 6.15. The dollar index was down 0.5 per cent today. The dollar index in world markets was on the decline after reaching a four-week high. There was news that the Bank of Japan maintained monetary policy unchanged. Demand for Safe Haven fell today in Japan's currency, the yen. Market players were watching the Bank of England meeting.

In the United States, there have been indications that a reduction in bond buying will begin later this year and that the reduction will be completed by mid-208, after which interest rates will be raised. Meanwhile, in the Mumbai currency market, the British pound opened at Rs 100.5 against the rupee today and closed at Rs 100.51 with a high of Rs 100.5 and a low of Rs 100.5.

The currency, the euro, fell by 3 paise to close at Rs 4.5 today. At one stage, prices were trading as low as Rs 3.5. Japan's currency fell 0.7 percent today, while China's currency fell 0.15 percent today.


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