More than Rs. New low of 85.13

Mumbai: Today, the rupee reached a new low due to the rise in the dollar against the rupee in the Mumbai currency market. Despite the rise in the stock market, market insiders are surprised by the weakening of the rupee. Dollar value Rs. Rs 85.03 this morning. Opened at a low of Rs 84.99. After the price increase it became Rs 84.97. Showing new high of 85/13, the last closing price was Rs. Was. It was 85.12.

In terms of closing value, the rupee also hit a new low today. When the price of the dollar reached a new record. News came in the world market that the global index of dollar against various major currencies increased from 107.62 to 108.17 and reached a high of 108.14. Earlier, the peak of dollar index in the last fifty-two weeks was recorded at 108.22.

India’s foreign exchange reserves decreased by $ 1.98 billion to $ 652.87 billion after six months and its negative impact was also seen on the rupee in the currency market today. According to world market news, after the decline of Brazilian currency against the dollar, the Brazilian government recently sold 17 billion dollars to save its currency, which indicated a huge reduction in its foreign exchange reserves.

Inflation growth in the US has recently been lower than expected, now there are signs that the possibility of interest rate cuts has increased again. Meanwhile, bulls have added to their positions in the global dollar index, according to global sources from the Commodity Futures Trading Commission.

British pound rises 77 paise to Rs. It was 107.07. European currency Euro rose by 38 paise against the rupee to Rs. It was 88.65. Japan’s currency gained 0.18 per cent against the rupee, while China’s offshore currency fell to 7.20 against the dollar today.

Dollar-rupee forward premium increased today. Meanwhile, according to news received from Delhi, the government has increased the dollar customs exchange rates for importers to Rs. 85.95 has been fixed and these new rates have come into effect from December 20. Due to this, market experts were predicting the possibility of increase in the import cost of various goods imported into the country.

foreign exchange prices