Rupee rebounds against dollar on interest rate hike: Pound falls

Mumbai: The rupee rose as the dollar rose against the rupee in the Mumbai currency market today. Signs of a return to domestic forex reserves, which were dwindling for four weeks, amidst a firming stock market and fall in global crude oil prices, today. The positive effect was observed on the rupee in the money […]
 


Rupee rebounds against dollar on interest rate hike: Pound falls

Mumbai: The rupee rose as the dollar rose against the rupee in the Mumbai currency market today. Signs of a return to domestic forex reserves, which were dwindling for four weeks, amidst a firming stock market and fall in global crude oil prices, today. The positive effect was observed on the rupee in the money market.

In the Mumbai currency market, the dollar price opened at Rs 79.15 this morning, opened at Rs 79.48, hit a low of Rs 79 and went up to Rs 78.93 and again rose to Rs 79.24 against Rs 79.30. Dollar Today Traders told that a total of 24 paise was raised.

As the Reserve Bank raised the interest rate again, its effect was seen positively on the rupee and the bond market today.

Meanwhile, while the dollar was weakening against the rupee at home today, there were reports that the global dollar index rose against various major currencies in the world market. There was news in the world market that the dollar index was at a low of 105.69 today and a high of 106 at 105.94.

Meanwhile, the British Pound also fell by 58 paise against the rupee in the Mumbai currency market today. Today, the price of Euro, the currency of Europe, rose by nine paise to Rs 81.06 from Rs 81.12 against the rupee. Currency market sources said the Japanese yen was trading higher by over 0.05 per cent against the rupee today, while the Chinese currency was trading down 0.31 per cent against the rupee.

Foreign Exchange Rate (in Rupees)

Dollar

-24 paise

79.24

pound

-58 paisa

96.20

euro

+09 money

81.06