USD/INR- Indian rupee value settled this week at 73.776 on 4 December against the US Dollar. The rupee opened at a high of 73.860 on Friday Yesterday, it reached the highest at 73.654 and the lowest at 73.870. At the same time, the dollar index increased by 0.10% to settle at 90.81.
USD/ INR: Oil Prices
The US WTI crude oil 1.36% higher at 10.35 PM GMT on 4 December. Accordingly, Crude oil traded at USD 46.26 per barrel globally. On the other hand, Brent Crude was trading at USD 49.25 per barrel as it traded 1.11% higher on Friday. The recent Fitch rating reports that Brent crude would trade in the range of USD 45 per barrel in 2021. Also, the OPEC+ deals and rising demand favours oil prices.
USD/ INR- Gold Prices
Gold prices increased on 4 December. Accordingly, December gold futures rose by 0.04% or 14 Rupees to Rs. 49,320 per 10 grams on the multi-commodity exchange. Likewise, Silver futures rose by 431 Rupees or 0.68% to settle at Rs. 64,601 per kg. Despite investors straying towards COVID-19 vaccine, the fresh positions built up by the participants helped gold prices yesterday. In the international market, Gold was trading at USD 1842.20 per ounce in New York. On the other hand, Silver traded at USD 24.30 per ounce.
USD/ INR- Sensex Today
Sensex ended this week on a positive note on 4 December. Accordingly, it increased by 1.00% and saw a 446.90 point rise. Thereby ending the session at 45,079.55 at 4:10 PM IST on Friday. Similarly, the NIFTY rose by 0.95% or 124.65 points rise and ended up at 13,258.55.