The rupee depreciated in the currency market as crude oil prices rebounded

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(Gujarat News Office) MUMBAI: The rupee strengthened against the dollar in early trade today and the rupee weakened further. The rise in crude oil prices in the global market has had a negative impact on the rupee in the domestic currency market, market sources said. After opening at Rs 7.5 this morning, the dollar touched a high of Rs 4.5 and a low of Rs 4.31 and closed at Rs 4.5.

Earlier, the dollar had touched a 52-week high of Rs 5.05, and given the current move, market analysts were predicting that the dollar would likely hit a new high. Today, the dollar rose another 15 paise. The dollar was rebounding against the rupee today. The British pound also saw a rebound.

The British pound opened at Rs 101.5 this morning with a price of Rs 100.5. The pound rose 3 paise today to Rs 101. The pound, which had been hovering below Rs 100 at one point recently, has risen sharply since then, market analysts said.

There was news of a rise in the dollar index against various major currencies in world markets today. The dollar's index, which is 2.4, was at a high of 8.05 and a low of 6.91 at 7.5. The dollar index was up 0.15 per cent today. The market was eyeing job growth figures in the US this weekend.

In the Mumbai market, the European currency, the euro, opened at Rs 4.5 in the morning and closed at Rs 4.5, a low of Rs 4.5 and a high of Rs 4.5. The euro rose 19 paise today. The Japanese yen was up 0.01 per cent against the rupee today, while the Chinese currency was up 0.15 per cent against the rupee at the end of the day.

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