USD/INR- The Indian Rupee plummets again today and reached 75. Accordingly, it settled at 75.02 on 12 April. The fall in rupee value is mainly attributed to the surge in COVID-19 cases and RBI’s unchanged repo rates. The Indian rupee traded between 74.733 and 75.200 today. On the other hand, the dollar index decreased today. Accordingly, its value fell and settled at 92.15 as of 10:50 AM EDT Monday.
USD/ INR: Oil Prices
The US WTI crude oil prices increased on Monday. 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 1.48% at 7:47 PM on 12 April to trade at USD 60.20 per barrel globally. At the same time, Brent Crude was set at USD 63.73 barrel and traded at a rate of 1.24% higher today.
USD/ INR- Gold Prices
Precious metal prices fell today amid the resurgence of COVID-19. Accordingly, gold futures decreased by 0.22% or 103.00 Rupees to settle at 46490.00 per 10 grams on the multi-commodity exchange. Likewise, Silver futures dipped by 809 Rupees or 1.21% to settle at Rs. 66174.00 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 1740.30 per ounce in New York. On the other hand, Silver traded at USD 25.21 per ounce.
USD/ INR- Sensex Today
The BSE Sensex fell and ended in the red on April 12. Accordingly, Sensex decreased by 3.44% or 1707.94 points. Thereby ending the session at 47,883.38 at 4:10 PM IST Monday. Similarly, the NIFTY decreased by 3.53% or 524.05 and ended up at 14,310.80.