US interest rates rise to 22-year high, dollar index rises

In the currency market, the rupee rose against the dollar

Mumbai: In the Mumbai currency market today, the dollar price retreated against the rupee. Despite the drop in the stock market, the rupee rose in the currency market. The price of the dollar opened at Rs.81.93 this morning with a price of Rs.82.00, the high price was Rs.82.03 and the low price was Rs.81.90 to Rs.81.94. The rupee rose by 0.07 percent today.

There was news that the interest rate has been increased by five percent by the Federal Reserve in the United States, while such an increase in the interest rate was expected, there were indications that the interest rate increased as expected. Further, there were indications that the interest rates will be increased further in the meeting of the Federal Reserve in September. The market was also watching the interest rate hike in Europe and Japan.

Meanwhile, the dollar's global index rose 0.05 percent against various major currencies in the world market today. The global index of the dollar was today at a high of 101.11 to 100.93. The global dollar index rose today due to the rise in interest rates in the United States, but the dollar retreated against the rupee at home.

Meanwhile, the British pound rose 0.03 percent against the rupee today, closing at Rs 106.37 at Rs 106.18 from a high of Rs 105.87. Euro, the European currency, rose by 0.16 percent against the rupee. The price of Euro was Rs.90.81 high and was Rs.91.10 to Rs.90.95. Sources in the currency market said that the Japanese currency has fallen by 0.23 percent against the rupee.

Interest rates in the US have risen to a 22-year high and world market analysts were showing the possibility of an even higher increase in interest rates in September. There is an increase in interest rates by the Federal Reserve to control inflation.