The Chinese government poured 120 billion yuan into the Evergrand crisis
(Gujarat News Office) MUMBAI: The dollar rose sharply against the rupee in early trade today, hitting a close of Rs 4. After opening at Rs 4.50 this morning, the dollar closed at Rs 4.5, a low of Rs 4.5 and a high of Rs 4.5. The dollar had gained 7 paise today. Against the rupee weakened. In the global market, the dollar index was quoted at a high of 7.50 and a low of 6.8 and a low of 6.15 to 7.81. The players were watching the meeting of the US Federal Reserve in the world market. Meanwhile, market analysts were predicting that the financial crisis of China's construction giant Evergrande will have an impact on India's currency market and the rupee will remain under pressure. Experts were counting on the impact of China's crisis on the currencies of various emerging global countries. Under such circumstances, the Indian rupee is likely to depreciate to Rs. Now the question of Evergrande is being looked at at how the Chinese government handles it. Evergrande has a debt ...