Rupee tumbles as stock market tumbles: Dollar, pound and euro rise

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MUMBAI: The price of dollar rose sharply against the rupee in the Mumbai currency market today. As the stock market rumbled today, the rupee fell rapidly in the currency market as well. The price of dollar opened at Rs.82.63 this morning with a price of Rs.82.46, the lowest price was Rs.82.42 and the highest price was Rs.82.79 to Rs.82.75. Rupee lost 29 paise today.

In the last meeting of this year in America, there was news that the interest rate has been increased by half a percent by the Federal Reserve, and the indication that the interest rate will be increased in the coming new year as well was seen by the Federal Reserve, which had a positive effect on the price of the dollar in the world market.

Against various major currencies in the world market today, the dollar index was at a low of 103.61 and a high of 103.61 and a high of 103.95 to 103.85.

Interest rates in America have now reached a 15-year high. In fact, there was a possibility of a quarter percent increase in interest rates, but recently, as the rate of inflation in America has eased, the interest rate has been increased by half a percent instead of a quarter percent, according to world market informants.

The British pound also rose higher against the rupee in the Mumbai market today. The pound traded at a high of Rs.102.44 to Rs.102.28 today. However, the rise in the price of the European currency Euro slowed down against the rupee and the price of the Euro increased by only two paise.

However, the rise in the euro against the rupee slowed down and the euro rose by only two paise. The market sources said that the price of Euro, however, crossed the level of Rs.88 at one stage and reached Rs.88.09 and then finally stood at Rs.87.92.

Meanwhile, the Japanese currency was down 0.43 percent against the rupee today while the Chinese currency was 0.12 percent weaker against the rupee. After America, now the market was looking at the increase in interest in Britain and Europe as well.

Forex rate money in rupees

dollar

+29

82.75

pound

+08

102.28

Euro

+02

87.92

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