USD/INR- The Indian Rupee settled at 72.53 at 6:45 PM INR on 23 March. The Indian rupee traded between 72.528 and 72.570 today. On the other hand, the dollar index started this week on a high. Accordingly, it’s value increased and settled at 92.36 as of 9:45 PM EDT Tuesday.
USD/ INR: Oil Prices
The US WTI crude oil prices fell on Tuesday. However, with the ongoing oil demand concern and the growing coronavirus pandemic, it is highly uncertain. Also, recent studies predict that the oil demand will not reach the pre-crisis level until 2023. Further, this week’s fall is attributed to the API crude inventory build. Accordingly, crude oil decreased by 0.09% at 6:30 PM on 23 March to trade at USD 57.76 per barrel globally. On the other hand, Brent Crude was set at USD 60.87 per barrel and traded at a rate of 0.96% lower on Tuesday.
USD/ INR- Gold Prices
Precious metal prices fell amid the resurgence of COVID-19. Accordingly, gold futures decreased by 0.53% or 238.00 Rupees to settle at 44667.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures fell by 117.00 Rupees or 0.23% to settle at Rs. 65416.00 per kg. The emergence of the COVID-19 pandemic and the COVID-19 mutants kept precious metals’ prices on edge this year. In the international market, Spot Gold was trading at USD 1738.00 per ounce in New York. On the other hand, Silver traded at USD 25.53 per ounce.
USD/ INR- Sensex Today
The BSE Sensex rose on 23 March and ended the day in the green. Accordingly, Sensex increased by 0.56% or 280.15 points. Thereby ending the session at 50,051.44 at 4:10 PM IST Tuesday. Similarly, the NIFTY increased by 0.53% or 78.35 points and ended up at 14,814.75.