USD/INR- The Indian Rupee settled at 73.43 at 9:15 PM INR on 30 March. The fall in rupee value is mainly attributed to the surge in COVID-19 cases. The Indian rupee traded between 72.738 and 73.631 today. On the other hand, the dollar index started this week on a high. Accordingly, its value increased and settled at 93.26 as of 11:35 AM EDT Tuesday.
USD/ INR: Oil Prices
The US WTI crude oil prices fell on Tuesday, despite starting the week on a positive note. 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 decreased by 1.43% at 8:30 PM on 30 March to trade at USD 60.68 per barrel globally. On the other hand, Brent Crude was set at USD 64.31 barrel and traded at a rate of 1.03% lower today.
USD/ INR- Gold Prices
Precious metal prices rose today after falling yesterday amid the resurgence of COVID-19. Accordingly, gold futures increased by 0.99% or 430.00 Rupees to settle at 43975.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures fell by 320.00 Rupees or 0.51% to settle at Rs. 63212 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 1698 per ounce in New York. On the other hand, Silver traded at USD 24.49 per ounce.
USD/ INR- Sensex Today
The BSE Sensex rose and ended in the green on March 30. Accordingly, Sensex increased by 2.30% or 1128.08 points. Thereby ending the session at 50,136.58at 4:10 PM IST Tuesday. Similarly, the NIFTY increased by 2.33% or 337.80 points and ended up at 14,845.10.