After initially falling against the rupee, the dollar rebounded amid buying by importers

-


Mumbai: At the end of a one-sided surge in the price of the dollar against the rupee in the Mumbai currency market today, the dollar price of the day stopped falling against the rupee and closed in plus. However, the dollar price against the rupee initially remained on the decline. But in the afternoon, importers took off in dollars and the dollar price bounced back from the low, market sources said.

After falling to a low of Rs.81.63 to Rs.81.50 today, the dollar price rebounded to around Rs.81.68 to 81.69 at the end of the day. There was news that the dollar index against various major currencies in the world market today was around 105.80 from 105.63.

According to currency market informants, there is a possibility that the Reserve Bank will intervene in the market when the price of the dollar reaches Rs.81.90 against the rupee. The possibility is being discussed that the so-called advice of the Reserve Bank will lead various government banks to sell the dollar at a higher price around Rs.81.90.

In view of this, market experts were predicting the price of the dollar to be in the range between Rs.81.50 in the low and Rs.81.90 in the high. was

Meanwhile, India's quarterly GDP figures are due next week, along with manufacturing figures and job growth figures in the US. Market players are now looking at this.

Meanwhile, the Euro fell by nine paise to Rs 84.88 from Rs 84.87 at the Mumbai currency market today. While the price of British pound increased by five paise to Rs.98.76 to 98.77. The currency of Japan was soft by 0.42 percent. Meanwhile, the price of China's currency yuan remained under pressure in the global market against the dollar.

With the increasing cases of Kovid in China and the various challenges facing the economy, the Chinese government has decided to reduce the Reserve Requirement Ratio for banks with effect from December 5th. Meanwhile, forward premiums of the rupee were seen falling in the Mumbai currency market today.

Forex rate (in Rupees)

dollar

+ 06 paise

81.69

pound

+ 05 paise

98.77

Euro

- 09 paise

84.87

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more