Dollar slips from peak: Pound rebounds after digesting shock

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MUMBAI: In the Mumbai currency market today, the record bullishness of the dollar against the rupee broke and the dollar fell from the record high. However, in the currency market today, the price of the dollar was significantly higher.

Against the rupee, the price of the dollar opened at Rs.81.49 this morning with a low of Rs.81.63 and fell to a low of Rs.81.30. were staying The stock market today saw a one-sided fluctuation and behind it, the currency market also saw a significant upswing.

Now the eyes of the players are on the RBI meeting this week. The market is in a frenzy over how much the RBI will hike interest rates now. RBI's rate hike decision is scheduled to be announced on Friday. World market news also showed a 20-year sell-off in the dollar.

The dollar index against various major currencies in the world market, which was going above the level of 114 points in the highs, today, there were indications of a sharp decline to the lows of 113.64 to 113.70. There were indications that the prices of pound, euro and other currencies stopped falling against the dollar in the world market and rose again today.

Meanwhile, in the Mumbai currency market today, the price of pound rose sharply. Today, the price of pound against rupee increased by 86 paise, the price crossed Rs.88 to Rs.88.38 to Rs.88.03. However, the price of Euro, the currency of Europe, fell by 33 paise more against the rupee. The price of Euro was lower at Rs.78.37 to 78.38. The Japanese currency was down 0.25 percent against the rupee today, while the Chinese currency was down 0.54 percent.

Forex rate (in Rupees)

dollar

-05 money

81.58

pound

+86 paise

88.03

Euro

-33 paise

78.38

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