The Bank of England fell after the pound bounced as interest rates rose

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(Gujarat News Office) MUMBAI: The rupee depreciated against the dollar in early trade today. The dollar opened at Rs 4.5 in the morning with a price of Rs 4.5, then closed at Rs 4.5, a high of Rs 4.5 and a low of Rs 4.5. Overall, the dollar fell 19 paise.

The dollar index, which had a range of 6.5 against various major world currencies, fell to 6.15 today and was down to 5.5. This week's weekly decline in the dollar index broke a two-year record. The weekly decline of more than two per cent was last recorded in March 2020.

The British pound and the European currency, the euro, rallied against the dollar in world markets. The pound was raised as interest rates were raised in Britain. Europe's central bank has also signaled a tightening of monetary policy in the face of high inflation.

Meanwhile, the British pound depreciated in the Mumbai market today. After hitting a high of Rs. The European currency, the euro, rose to Rs 4.5 from Rs 4.5 today.

However, against the rupee, the Japanese yen depreciated 0.71 per cent today, while the Chinese currency depreciated 0.4 per cent. There were indications of declining unemployment claims in America.

Experts are now pointing out that government bond buying in Europe is likely to decline and interest rates are likely to rise. In the US, interest rates are expected to rise in March.

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