Mumbai: In the Mumbai currency market, the price of the dollar again jumped again against the rupee. The decline in the stock market had a negative impact on the rupee in the currency market. The price of Dole Ranau opened at Rs 100. This morning opened at Rs 85.27 and opened at Rs 85.27. Price reached a low of Rs 85.18 at 85.07. After this the price rose rapidly and reached the highest level of Rs 100. Closed at Rs 85.67. 85.44.
Market sources said that today the rupee fell 0.20 percent due to the dollar strengthened by 17 paise. On Thursday, the price of the rupee against the dollar was seen to be a big flucturation, and even today experts are reporting to increase the sudden interest among investors due to the continuation of a significant fluctuations in the price of the rupee.
Meanwhile, according to the World Market News, the global dollar prices remained strong despite the US President’s uncertain tariff policy and tension between Federal Reserve and Trump. The market was eyeing what progress would be on the trade agreement between the US and China. There were rumors that America’s trade talks with South Korea and Japan were moving forward.
The market was eyeing the Bank of Japan meeting to be held in early May. The global dollar index today was recorded at the lowest level of 99.41 and 99.67 at the highest level of 99.67 as compared to various major currencies in the world market. Today the total dollar index rose 0.30 percent.
The British pound in Mumbai market today rose by 21 paise to a highest level of 100 rupees. Rs 113.87 and minimum Rs. 113.64. However, the price of European currency euro fell by 12 paise to a low of Rs 120 against the rupee today. 96.33 and the highest Rs. 96.95.
Today, the Japanese currency fell by 0.48 percent against the rupee. Market sources said the Chinese currency was 0.20 percent stronger than the rupee. The deteriorating relations between India and Pakistan affected the rupee in the Mumbai market.
Meanwhile, news came that India’s foreign exchange reserves had increased by $ 8.31 billion to $ 686.15 billion and as a result experts were speculating that the money market would increase again instead of falling. The Pakistani rupee fell to $ 0.0036 against the dollar in the world market.
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