USD/INR- Indian Rupee value settled at 73.20 as of 4:31 PM UTC on 19 January against the US Dollar. The Indian currency under pressure as the dollar and other currencies surges ahead. Today, it reached the highest at 73.113 and the lowest at 73.308. On the other hand, the dollar index fell by 0.25% and settled at 90.54 as of 11:25 AM EST.
USD/ INR: Oil Prices
The US WTI crude oil rose on 19 January as investors grow more bullish on the oil. Accordingly, it rose by 1.28% at 10:07 PM GMT on 19 January to trade at USD 53.03 per barrel globally. At the same time, Brent Crude trading at USD 56.00 per barrel was traded at 2.28% higher on Tuesday. The price rise is attributed to the hopes regarding the government stimulus that is yet to impact the economy and oil demand positively. Also, IEA forecast that demand recovery can be expected in the second half of 2021.
USD/ INR- Gold Prices
As per previous trade, Gold prices slumped on 19 January. Accordingly, gold futures fell by 0.14% or 37.00 Rupees to settle at 48827.00 per 10 grams on the multi-commodity exchange. Contrarily, Silver futures rose by 151.00 Rupees or 0.23% to settle at Rs. 65580.00 per kg. The emergence of COVID-19 pandemic and the COVID-19 vaccine is keeping the precious metals’ prices on edge this year. In the international market, Gold was trading at USD 1842 per ounce in New York. On the other hand, Silver traded at USD 25.33 per ounce.
USD/ INR- Sensex Today
The BSE Sensex ended in the green on 19 January. Accordingly, Sensex increased by 1.72% or 834.02 points. Thereby ending the session at 49,398.29 at 4:10 PM IST on Tuesday. Similarly, the NIFTY increased by 1.68% or 239.85 points and ended up at 14,521.15. L&T Finance, IDFC First Bank, Cholamandalam, Bajaj Finserv, and Indiabulls Hsg were among the top gainers today. Subsequently, ITC, Tech Mahindra, TATA, and Wipro were among the top losers on 19 January.