The pound rose amid signs of a brief rise in interest rates in Britain

(Gujarat News Office) MUMBAI: The dollar was fluctuating against the rupee in the Mumbai currency market today. The dollar opened at Rs 4.5 this morning with a high of Rs 6.50, then touched a low of Rs 4.5 and closed at Rs 4.5.

The dollar closed with a slight decline today. However, the dollar index rose against various major currencies in world markets today.

The global dollar index was up 0.15 per cent today at 6.5 to 7.5. According to world market indicators, the British pound has risen globally as interest rates in Britain are likely to rise.

In Britain, although inflation has fallen slightly on the back of rising headlines, analysts are predicting that interest rates are likely to rise next month. In the world market, the Canadian dollar rose to a four-month high of 1.405 against the US dollar. There were indications of rising inflation in Canada.

The Australian dollar has risen to a three-and-a-half month high. The New Zealand dollar rose to a six-month high. The British pound rose to a four-week high. The pound rose against the euro to a new post-February 2020 high.

Meanwhile, in the Mumbai currency market, the British pound rose by Rs 105.15 to close at Rs 105.5 and closed at Rs 104.5. The pound's eyebrows rose 15 paise today against the rupee.

The euro was trading 5 paise higher at Rs 4.5 to Rs 7.5 today. The Japanese yen was up 0.50 per cent against the rupee today.