Rupee falls to new low: Dollar bounces to Rs. 77.88 to Rs. 77.84

- Stock markets crash and global crude oil rises

- Dollar rises to Rs. Fear of rising import cost and inflation of all imported and imported goods in the country.

MUMBAI: The rupee hit a new low in the Mumbai currency market today as the dollar rebounded against the rupee, breaking old records and setting new ones. The rupee was seen depreciating in the currency market as the stock market plunged and crude oil rose in world markets. Dollar price Rs. The price of Rs. 2.5 and a record high of Rs. It was closing at 7.5 to 7.5.

With the rupee depreciating and the dollar bouncing, there are fears that various items imported into the country will become more expensive. In the US, players and importers were buying dollars amid rising market sentiment. However, the rally also sparked speculation that some exporters and some state-owned banks would sell dollars. Meanwhile, the dollar index rose 0.15 per cent against various major currencies in the global market today, hitting a high of 104.5 and 106.51, crossing the 104-point level.

The dollar hit a two-week high against the euro in European markets today. Europe's central bank has decided to reduce bond mining, and experts are now predicting a short-term cycle of interest rates. Experts also point to the possibility of further interest rate hikes by the US Federal Reserve in the near future. In such an environment, dollar prices have been seen rising in the world market and at home. The global dollar index will move higher to a high of 108 points and the dollar is still trading at Rs. Market sources said today that the rise in the dollar would accelerate if it crosses the 7 level, but government banks are likely to start selling more aggressively against the dollar with the so-called RBI suggestion. In Europe, there are indications that bond buying will be reduced from July 1 and interest rates will be raised by 0.5 per cent on July 31. Japan's currency, the yen, has fallen to a seven-and-a-half-year low against the euro. Japan's currency has been under pressure as interest rates continue to fall. Meanwhile, in the Mumbai currency market today, however, the British pound depreciated by 3 paise to Rs. 2.5 to Rs. 4.5. European currency, the euro, fell 3 paise to Rs. 2.5 to Rs. 4.5. However, Japan's currency rose 0.06 per cent against the rupee today. While Chinese currency was trading 0.05 per cent higher against the rupee, market sources said.