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USD/ INR: Indian Rupee Forex Report 01 April

Indian Rupee INR

USD/INR- The Indian Rupee settled at 73.33 at 8:15 PM INR on 1 April. The fall in rupee value is mainly attributed to the surge in COVID-19 cases. The Indian rupee traded between 73.051 and 73.618 today. On the other hand, the dollar index started this month on a low. Accordingly, its value decreased and settled at 93.08 as of 11:35 AM EDT Thursday.

USD/ INR: Oil Prices

The US WTI crude oil prices increased on Thursday. 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. Accordingly, crude oil increased by 0.08% at 8:30 PM on 1 April to trade at USD 59.21 per barrel globally. On the other hand, Brent Crude was set at USD 62.71 barrel and traded at a rate of 0.05% lower today.

USD/ INR- Gold Prices

Precious metal prices rose today after falling last month amid the resurgence of COVID-19. Accordingly, gold futures increased by 0.14% or 61.00 Rupees to settle at 44698.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures gained by 1071 Rupees or 1.51% to settle at Rs. 62185 per kg. The resurgence 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 1719 per ounce in New York. On the other hand, Silver traded at USD 24.48 per ounce.

USD/ INR- Sensex Today

The BSE Sensex rose and ended in the green on April 1. Accordingly, Sensex increased by 0.15% or 520.68 points. Thereby ending the session at 50,029.83 4:10 PM IST Thursday. Similarly, the NIFTY increased by 1.20% or 176.65 points and ended up at 14,867.35.

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