Rupee collapses: 30 paisa falls to 82.25: Pound and Euro see sharp retreat

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Mumbai: The rupee weakened by 0.37 percent as the dollar rose against the rupee in the Mumbai currency market today. The price of the dollar opened at Rs.82.27 this morning with a price of Rs.81.95, the highest price was Rs.82.35 and the lowest price was Rs.82.19, and the last closing price was Rs.82.25. With the retreat in the stock market and the rise in crude oil prices in the world market, there was a discussion in the market that the pressure on the price of the rupee had increased in the currency market. Market sources said that as the GDP figures in America came out better than expected, its impact was positive on the dollar price.

There was also talk of speculators changing positions in the currency market. Sales were being cut. According to the news of the world market, Japan's currency rose rapidly against the dollar today in the world market amid the directives of the Ministry of Finance of Japan to ease and flexible the control policy of bond yields. There was news that the global index of the dollar against various major currencies in the world market was 101.65 to 101.75 after reaching a high of 102.04 today.

Meanwhile, the British pound fell by 0.85 percent against the rupee in the Mumbai market today. The pound price was Rs.105.06 to Rs.105.44 from a low of Rs.106.34. Today, the price of Euro, the currency of Europe, fell by 1.12 percent against the rupee. The price of Euro was Rs.90.09 to Rs.90.26 from a low of Rs.91.28. Sources in the currency market said that the Japanese currency rose by 1.74 percent against the rupee today while the Chinese currency rose by 0.38 percent against the rupee.

Meanwhile, there was news that the unemployment claims in America decreased from 2 lakh 28 thousand to 2 lakh 21 thousand. Global analysts have shown that such claims are likely to reach 2 lakh 35 thousand, market experts said that the job market has strengthened as the unemployment claims are less than expected. Such claims fell there, pointing to fresh lows since February.


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