Amid a record rise in the stock market, the rupee has seen a rapid recovery against the dollar

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MUMBAI: In the Mumbai currency market today, the price of the dollar stopped rising against the rupee and remained on a rapid decline. The rupee rose rapidly in the currency market today following a record rally in the stock market. In the world market, dollar prices were also under pressure in the Mumbai market amid the news of the global index of the dollar falling against various major currencies. The price of the dollar today was Rs.81.63, down from Rs.81.85. The rupee was raised by 22 paise.

Crude oil prices in the global market have seen a positive impact on the rupee at home due to indications of a fall again after the rise. In the world market, there was news that the global dollar index fell from 106.95 to 105.60 today.

Meanwhile, as per the directions of the world market, the minutes of the last meeting of the Federal Reserve in the United States have come out and there are indications that the majority of the committee members of the Federal Reserve have expressed the opinion that the interest rate hike in the United States will not be too aggressive and the economy will ease. have found

Due to this, there was a discussion in the market today about dollar price pressure from the world market. In such an environment, the price of the dollar against the rupee in the Mumbai market will fall further up to Rs.81.30 and Rs.81.00 and in the long term, Forex market experts were showing the possibility of falling to Rs.80.50.

Meanwhile, as the British pound rose against the dollar in the world market, the price of the pound against the rupee rose from Rs.98.94 to Rs.98.95 today, which was Rs.97.70 on Wednesday. Today, the price of Euro, the currency of Europe, increased from Rs.84.49 to Rs.84.95 to 84.96 against the rupee.

The Japanese currency was 0.67 percent plus against the rupee. There was news that the price of Chinese currency against the dollar in the world market has risen again after digesting the shock.

Forex rate (in rupees)

dollar

- 22 paise

81.63

pound

+ 125 paise

98.95

Euro

+ 46 paise

84.96

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