USD/INR- Indian rupee value settled at 73.545 on 28 December against the US Dollar at 9:00. The India currency continues to range between 70.682 and 77.010 this week. Yesterday, it reached the highest at 73.224 and the lowest at 73.549. Concomitantly, the dollar index dropped by 0.14% to settle at 90.21 as of 8:02 PM EST.
USD/ INR: Oil Prices
The US WTI crude oil continued the gain momentum this week by staring the week on a high. Accordingly, it rose by 0.50% at 10:45 PM GMT on 28 December to trade at USD 47.86 per barrel globally. On the other hand, Brent Crude was trading at USD 51.04 per barrel as it traded 0.35% higher on Monday. The low demand crisis in the world seems to extend with the new crude build.
USD/ INR- Gold Prices
In the previous trade on 28 December, Gold prices rose as investors sought safe haven. Accordingly, December gold futures increased by 0.26% or 185 Rupees to Rs. 49,757 per 10 grams on the multi-commodity exchange. Similarly, Silver futures rose by 1,322 Rupees or 1.56% to settle at Rs. 68,156.00 per kg. Despite the hopeful COVID-19 vaccine and easing of demand, the precious metals still soar high. Also, the gold price rise as dollar declines. In the international market, Gold was trading at USD 1885 per ounce in New York. On the other hand, Silver traded at USD 26.32 per ounce.
USD/ INR- Sensex Today
The stock markets rose on 28 December. Accordingly, Sensex ended in the green as it increased by 0.81%. Thereby ending the session at 47,353.75 at 4:10 PM IST on Monday. Similarly, the NIFTY increased by 0.90% and ended up at 13,873.20.