After rising against the rupee, the dollar fell again

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Mumbai: In the Mumbai currency market today, the price of the dollar against the rupee had a rebound from the top. The price of the dollar opened at Rs.82.90 this morning at Rs.82.76 and then fell back to Rs.82.59 to Rs.82.68.

The rupee rose by eight paise today. A positive effect on the rupee was seen in the currency market as the stock market rose. Looking at the weekly trend, the value of the rupee has been seen decreasing for 6 consecutive weeks, market experts said.

The rupee has weakened by 0.40 percent this week. While in the period of six weeks and one and a half months, the rupee has fallen by four percent. Meanwhile, the market was buzzing with various state-owned banks selling dollars in the forward market on the so-called advice of the Reserve Bank.

Banks have seen significant activity in forwards, especially in the buy-sell swap segment for December delivery. Due to this, forward premiums have come down. Meanwhile, the global index of the dollar against various major currencies in the world market was higher today at 113.16 to 113.08.

In the Mumbai currency market today, the price of the British pound increased from Rs.92.75 to Rs.92.97 to Rs.92.86. After the British Prime Minister's resignation, the British pound immediately rose against the dollar in the global market, and there were signs of a fall again today.

The price of Euro, the currency of Europe, increased by 14 paise against the rupee. The price of Euro was Rs.81.15 to Rs.81.09. However, the currency of Japan fell by 0.40 percent against the rupee today, while the currency of China remained minus 0.30 percent.

Forex rate (in rupees)

dollar

-08 money

82.68

pound

+ 11 paise

92.75

Euro

+ 14 paise

81.09

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