New low of Rs 83.34: Imported goods will become expensive

-


- Rupee under pressure due to renewed surge in crude prices

- In addition to the dollar against the rupee, the prices of the British pound and the euro also rose: Domestic and foreign banks' borrowings in dollars

Mumbai: The rupee hit a new low in the Mumbai currency market today as the dollar rose against the rupee. The rupee came under pressure in the domestic currency market due to a fall in the stock market and a renewed surge in crude oil prices in the global market.

Against the rupee, the dollar price was at Rs.83.27, however, after opening at Rs.83.26 this morning, the price rose to a low of Rs.83.22, then rose to a high of Rs.83.35, and finally closed at a low of Rs.83.34. were staying

The rupee weakened further by 0.08 percent today. As the rupee fell and the dollar rose, the import cost of various agri and non-agri commodities, including crude oil, gold and silver, has increased, and due to this, the market experts were showing the fear of further increase in inflation. Meanwhile, in the currency market today, there was talk of various domestic and foreign banks buying dollars. Prior to this, on 10th November, such a rise was seen in the dollar against the rupee.

The global index of the dollar against various major currencies in the world market today fell by 0.40 percent to a low of 103.47 to 103.50. Apart from the dollar, the price of the British pound increased by 93 paise against the rupee in the Mumbai market and closed at a high of Rs.104.26. The price of pound crossed the level of Rs.104. The price of the European currency Euro also increased by 37 paise against the rupee, crossed the level of Rs.91 and reached the highest price of Rs.91.18 and finally stood at Rs.91.15.

The Japanese currency rose by 1.08 percent against the rupee, while the Chinese currency rose by 0.55 percent, according to market sources. The minutes of the last meeting of the Federal Reserve in the United States, which is due to be released this week, were watched by world market players.

Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more