Dollar prices rose as demand from the corporate sector increased

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Mumbai: In the Mumbai currency market today, the price of the dollar against the rupee rose again despite the advance in the stock market. The price of dollar was Rs.81.66 to 81.67 today and was Rs.81.84 to 81.85.

There was talk in the market that the cash dollar outflow increased as large corporate companies bought dollars today. However, forward premiums were reduced. The one-year impside yield on the premium component of the rupee fell to 2.10 percent, hitting a new low. The global index of the dollar against various major currencies in the world market was seen colliding around the level of 107 today.

As the cases of Corona increased in China, there was a panic among the world market players. Following this, Chinese currency prices were under pressure against the dollar in the global market. The currency market was also watching the interest rate hike in America.

Meanwhile, the European currency Euro rose by 31 paise to Rs.84.49 against the rupee, while the British pound rose by 61 paise to Rs.97.71 to Rs.97.72. The Japanese currency was depreciating against the rupee.

Forex rate (in Rupees)

dollar

+ 19 paise

81.85

pound

+ 61 paise

97.71

Euro

+ 31 paise

84.49

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