The rise in the British pound stalled and the price quickly collapsed within Rs.101

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Mumbai: The price of dollar rose against the rupee in the Mumbai currency market today. The dollar rose higher and reached close to Rs.83. Sources in the market said that the rupee was seen falling in the currency market as the stock market tumbled. There was talk of increased outflow of dollars from the stock market.

Meanwhile, the dollar opened at Rs.82.85 in the morning at Rs.82.76 and touched a high of Rs.82.90 to a low of Rs.82.75 to 82.86. Today, the rupee lost 1-0 paise. Meanwhile, the market was also hearing talk of various government banks going out to sell the dollar today.

Following this, the dollar price went down again after getting close to Rs.83. Meanwhile, after America and Britain, interest rates were increased by half a percent in Europe as well.

The US dollar rose to a four-week high against the Japanese currency in the world market. Market sources were showing the possibility of further increase in interest rates in America, Britain and Europe. However, there were also indications that the inflation rate in Britain had fallen below a 40-year peak.

Meanwhile, the global index of the dollar against various major currencies in the world market today indicated a low of 104.21 and a high of 104.56 to 104.38. In the Mumbai market today, the price of the British pound stopped rising against the rupee and quickly broke 135 paise from the high head. The price of the pound, which had gone above Rs.102 at the highest, today reached a low of Rs.100.72 at Rs.100.77.

In the wake of a retreat in inflation in Britain, the pound sold off in the Mumbai market. However, the price of Euro, the currency of Europe, increased by 32 paise against the rupee today. Euro prices were seen rising as interest rates rose in Europe.

In the Mumbai market, the price of euro rose to Rs.88 against the rupee today, and the high price was Rs.88.31 to Rs.88.22. However, the currency of Japan remained minus 0.18 percent against the euro today. On the other hand, there were indications that the Chinese currency rose by 0.14 percent against the rupee. A positive impact was seen on the Chinese currency today amid talk of easing of covid restrictions in China.

Forex rate (in Rupees)

dollar

+ 10 paise

82.86

pound

-135 paise

100.77

Euro

+32 paise

88.22

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