USD/INR- Indian rupee value settled at 73.61 on 1 December against the US Dollar. The rupee begins to settle in the range of 73 in December. Yesterday, the rupee reached the highest at 73.33 and the lowest at 74499. Concomitantly, the dollar index increased by 0.05% to settle at 91.218.
USD/ INR: Oil Prices
The US WTI crude traded 0.37 low at 11:50 PM GMT on 1 December. Accordingly, Crude oil traded at USD 45.14 per barrel globally. On the other hand, Brent Crude was trading at USD 47.67 per barrel as it traded 0.51% lower on Tuesday. The recession has put immense pressure on the oil refinery sector as well. Accordingly, the sector is cutting loss, making assets is taking a toll on oil prices. Also, another significant reason for the oil drop is OPEC+ uncertainty.
USD/ INR- Gold Prices
Gold prices rose on 1 December. Accordingly, December gold futures increased by 0.85% or 405 Rupees to Rs. 48,197 per 10 grams on the multi-commodity exchange. Likewise, Silver futures rose by 2178 Rupees or 3.68% to settle at Rs. 61,300 per kg. With the 90% efficacy news on COVID-19 vaccine, the investors are hopefully awaiting a faster economic rebound. In the international market, Gold was trading at USD 1809.01 per ounce in New York. On the other hand, Silver traded at USD 23.58 per ounce.
USD/ INR- Sensex Today
Sensex ended the red in the green on 1 December. Accordingly, it increased by 1.15% and saw a 505.72 point rise. Thereby ending the session at 44,655.44 at 4:10 PM IST on Tuesday. Similarly, the NIFTY rose by 1.08% or 140.10 points rise and ended up at 13,109.05.