The rupee depreciated in the currency market as crude oil prices rebounded
(Gujarat News Office) MUMBAI: The rupee strengthened against the dollar in early trade today and the rupee weakened further. The rise in crude oil prices in the global market has had a negative impact on the rupee in the domestic currency market, market sources said. After opening at Rs 7.5 this morning, the dollar touched a high of Rs 4.5 and a low of Rs 4.31 and closed at Rs 4.5. Earlier, the dollar had touched a 52-week high of Rs 5.05, and given the current move, market analysts were predicting that the dollar would likely hit a new high. Today, the dollar rose another 15 paise. The dollar was rebounding against the rupee today. The British pound also saw a rebound. The British pound opened at Rs 101.5 this morning with a price of Rs 100.5. The pound rose 3 paise today to Rs 101. The pound, which had been hovering below Rs 100 at one point recently, has risen sharply since then, market analysts said. There was news of a rise in the dollar index against various major currencies ...