Dollar and pound prices rose

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MUMBAI: In the Mumbai currency market today, the price of dollar rose against the rupee. In the wake of the rapid retreat in the stock market, the rupee came under pressure in the currency market. After opening at Rs.82.66 this morning at Rs.82.76, the dollar rose to Rs.82.83 to Rs.82.83 to Rs.82.81. The rupee depreciated by five paise.

Japan's currency rose to a four-week high against the global dollar today. In global markets, the Japanese yen was trading at 132.06 against the dollar today, about 0.26 percent softer after Tuesday's surge.

The global index of the dollar against various major currencies in the world market today was 103.94 at the lowest and 104.16 at the highest at 104.03. The market players were watching the figures coming out of the US GDP.

The British pound rose by 11 paise against the rupee in the Mumbai currency market today. The price of pound increased to Rs.100.72 to 100.65. However, the price of Euro, the European currency, was 16 paise lower against the rupee today. The price of Euro was lower at Rs.87.70 to Rs.87.88.

Today, Euro fell within Rs.88. After the Japanese currency gained around three to three and a half percent against the rupee on Tuesday, the price of the Japanese yen rose another 0.46 percent today.

Meanwhile, the Chinese currency was however 0.13 percent weaker against the rupee today. Despite the resurgence of Covid cases in China, the discussion of China's offshore yuan being under pressure in the world market was heard in the currency market today.

Forex rate (in rupees)

dollar

+05 money

82.81

pound

+11 money

100.65

Euro

- 16 paise

87.88

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