Dollar intra-day within Rs.75

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(Gujarat News Office) MUMBAI: The rupee depreciated against the rupee in early trade today. The dollar opened at Rs 4.50 today with a low of Rs 4.5 and fell below Rs 5 to close at Rs 4.05 after falling to Rs 4.5.

The impact on the currency market was seen today as the stock market witnessed two-way fluctuations. According to market sources, the fall in global crude oil prices has also had a positive effect on the rupee.

Meanwhile, the dollar's index against various major currencies in the world market has put domestic dollar pressure on the domestic market, the sources added. The dollar's global index, which is 7.5, was at a high of 7.05 today and a low of 6.5 to 7.5. European euro prices rose in world markets as tensions between Russia and Ukraine eased. The euro was up about 0.4 per cent at ૩૫૬ 1.15 against the dollar.

Meanwhile, the British pound remained soft in the Mumbai market today. The pound was trading at Rs 101.10, down from Rs 102.10 to Rs 101.5. Despite rising euros in global markets, the euro was seen under pressure in the Mumbai market today. The euro was trading at Rs 4.5, down from Rs 4.5 today to Rs 4.5.

The Japanese yen was also down 0.3 per cent against the rupee. According to market sources, the decline was 0.5 per cent. After retail inflation in the US, now wholesale inflation was also on the rise. As a result, interest rates are likely to rise further and have an impact on the dollar, analysts said.

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