World News

Dollar against Rupee hits new low of 84.26

In the Mumbai currency market today, the dollar rose against the rupee, with the rupee reaching a new low while the dollar was making a new high. The effect of the retreat in the stock market was seen in the currency market.

The US currency opened at 84.88 ₹ this morning, the lowest price since then. The market was not saying that today’s closing would show new records.

Pound and Euro also advance: Global dollar index retreats

Now all eyes are on 85. Bonds have increased in the world market and the impact of the US currency falling and the increasing trade deficit in India was also seen across the rupee today. The news that India’s trade deficit has increased to a record high of $ 37.88 billion was a big news.
In fact, the expectation was that the trade deficit would be around Rs 23.90 billion before the information was released, but instead, the trade deficit in November has exceeded expectations, while the trade deficit in October was recorded at Rs 27.14 billion.
The Federal Reserve’s meeting in the US on Tuesday and Wednesday was the focus of the market. Market experts were predicting a possible cut in interest rates of about 5 percent in this meeting.
The European currency euro rose 22 paise against the rupee today to a high of 89.09 from 89.15. Japan’s currency was up 0.02 percent against the rupee, while China’s currency was down 0.07 percent, market experts said. There was talk of increased dollar index short sales in the world market. India’s force is seen attacking the Reserve Bank.
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9 months ago

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