The dollar depreciated sharply against the rupee

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(Gujarat News Office) MUMBAI: The dollar was fluctuating against the rupee in the Mumbai currency market today. The downturn in the stock market and the decision to retain Jerome Powell as chairman of the US Federal Reserve have had an impact on the currency market today.

The dollar was trading at Rs 71 today, hitting a high of Rs 4.5 and a low of Rs 4.5 and closing at Rs 4.5. In the global market, the dollar index, which is 7.5, was at a high of 8.50 today and a low of 6.5 to 7.5.

World market players have been keeping a close eye on how the US is now making progress in reducing bond buying and when interest rates will rise.

Meanwhile, in the Mumbai market, the British pound traded lower by Rs 4.50 to close at Rs 4.5 and closed at Rs 4.5 today, while the European currency, the euro, traded lower by Rs 4.5 to Rs 4.5 and closed at Rs 8 today. .3 were closed.

Japan's currency fell 0.50 per cent against the rupee today, while China's currency rose 0.15 per cent, market sources said.

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