The rupee depreciated sharply as the country's trade deficit widened
MUMBAI: The dollar rebounded against the rupee in the Mumbai currency market today, surpassing the Rs 5 level in the current market. The dollar opened at Rs 4.01 this morning with a high of Rs 4.05, followed by a low of Rs 4.5 and a low of Rs 4.5. The dollar rose 3 paise today. However, against the major currencies in the global market today, the global dollar index fell by 2.08 points to 6.5 and fell to 7.5, down 0.05 per cent. The rupee weakened against the dollar in the currency market today as the country's trade food trade deficit widened to a record 2.50 billion on rising imports against exports from New India. Meanwhile, in the Mumbai market, the British pound rose by 19 paise to close at Rs 4.5 against the dollar in early trade today. The European currency, the euro, also rose by 3 paise today. The euro was trading at Rs 4.05, up from Rs 7.5. The Japanese yen gained 0.6 per cent against the rupee today, while the Chinese currency remained flat against the rupee.