The rupee rose against the dollar after initially depreciating

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Mumbai: The Mumbai currency market saw a one-sided surge in the dollar price against the rupee today. After an initial high against the rupee, the dollar fell again. The price of the dollar was Rs.81.68 to 81.69 high after falling from Rs.81.83 to 81.84 and finally falling to Rs.81.67.

As the offshore price of China's yuan currency plunged to a two-week low against the dollar in the global market, the rupee also broke against the dollar at one point in the Mumbai market today. However, market sources said that the rupee rose again against the dollar in the afternoon due to the record rise in the stock market and the drop in crude oil prices in the world market.

There was news that the global index of the dollar increased from 106.25 to 106.30. This global index was recently down to 105.30.

However, this global index has fallen by 5 percent overall this month, market sources said that the 12-year record in the monthly decline of the dollar global index has been broken. While there were indications of crude oil prices falling to a 10-month low in the global market, there were indications of a negative impact on the Chinese currency due to the increasing outbreak of Covid in China.

Meanwhile, the British pound fell by 23 paise to Rs 98.56 from Rs 98.55 in the Mumbai market today. While the price of Euro, the currency of Europe, increased by 53 paise against the rupee today, it was Rs.85.44 to 85.45. The Japanese currency was 0.82 percent plus against the rupee.

Forex rate (in rupees)

dollar

- 02 paise

81.67

pound

- 23 paise

98.55

Euro

+ 53 paise

85.45

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