The rupee fell to close at Rs 76

(Gujarat News Office) MUMBAI: The dollar rose again to close at Rs 5 against the rupee in the Mumbai currency market today. The rupee also depreciated against the dollar in the currency market amid a slump in the stock market. The dollar opened at Rs 4.5 in the morning and touched a low of Rs 4.5 and a low of Rs 4.5. The dollar rose 3 paise today.

Meanwhile, according to market speculation, if the dollar appreciates above Rs 5, it is likely that state-owned banks will start selling dollars at the behest of the RBI. The US Federal Reserve meeting began on Tuesday and will end on Wednesday (today) and the market was now keeping a close eye on the meeting's views on raising interest rates and reducing bond buying.

Apart from the US, the players were also watching the meetings of Bank of England, Bank of Japan and European Central Bank. Globally, the growing infestation of Omicron virus has also had a negative impact on the rupee.

In the Mumbai market, charts were also showing the possibility of the dollar rising from Rs 4.5 to Rs 7.50 in the near future. In the global market, the dollar index rose against the major indexes of various major currencies from 9.5 to 8.5.

Meanwhile, the rise in omecron infestation in Britain has put pressure on the British pound against the dollar in the global market and as a result, the pound fell five paise to Rs 100.5 to Rs 100.50 in the Mumbai market today, market sources said.

The European currency, the euro, rebounded by Rs 4.5 against the rupee to Rs 7.5 and was at Rs 4.5.

Meanwhile, the Japanese yen rose 0.15 per cent against the rupee today, while the Chinese currency traded higher by 0.4 per cent against the rupee, market sources said. The British pound was trading at Rs 100.15, down from Rs 100.5.