Despite the crash in the stock market, the rupee rose against the dollar in the currency market

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Players surprised by seventh consecutive month of decline in business activity in America

The Australian dollar rose to a five-month high against the US dollar in global markets as inflation rose in Australia.

MUMBAI: As the rupee rose against the dollar in the Mumbai currency market, the price of the dollar retreated. Market experts were surprised as the rupee rose against the dollar in the currency market, despite the rapid rally in the stock market today. Dollar price Rs. 81.71 this morning at Rs. 81.61 opened at Rs. 81.77 after the low price of Rs. 81.49 to Rs. It was 81.59. Rupee rose by 13 paise today. The global index of the dollar against various major currencies in the world market today reached a low of 101.78 after being at a high of 102.07. There were indications of 101.96.

According to world market news, the Australian dollar rose to a five-month high against the US dollar globally amid the possibility of higher interest rate hikes in Australia. And its effect was also seen on the Mumbai currency market. However, the price of New Zealand dollar remained on the decline in the world market today. The European currency euro was seen trading at a nine-month high against the US dollar. The index of business activity in America was also seen falling for seven consecutive months this month.

Meanwhile, the British pound fell by 36 paise against the rupee in the Mumbai currency market today. Pound prices lower to Rs. 100.41 and closed at the same level. However, the price of European Euro rose by three paise against the rupee today. The price of Euro rose to Rs. 89.17 to Rs. It was 88.78. Today, the Japanese currency remained at 0.30 percent place against the rupee. Sources in the currency market said that the Chinese currency, however, remained soft by 0.09 percent against the rupee.

Forex rate

(in rupees)

 

dollar

-13 paise

81.59

pound

-36 paise

100.41

Euro

+03 money

88.78


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