USD/INR- Indian rupee value settled at 73.801 on 5 December against the US Dollar. The rupee began this week at a high of 73.808 on Monday. Yesterday, it reached the highest at 73.250 and the lowest at 73.847. At the same time, the dollar index increased by 0.10% to settle at 90.89 as of 9:14 PM EST.
USD/ INR: Oil Prices
The US WTI crude oil 1.38% lower at 9:50 PM GMT on 5 December. Accordingly, Crude oil traded at USD 45.62 per barrel globally. On the other hand, Brent Crude was trading at USD 48.67 per barrel as it traded 1.18% lower on Monday. The recent Fitch rating reports that Brent crude would trade in the range of USD 45 per barrel in 2021. Despite the favourable OPEC+ deals, the low demand for oil results in the price decline.
USD/ INR- Gold Prices
Gold prices tumbled on 5 December. Accordingly, December gold futures fell by 0.14% or 104 Rupees to Rs. 48.703 per 10 grams on the multi-commodity exchange. Likewise, Silver futures dipped by 736 Rupees or 1.20% to settle at Rs. 62,621 per kg. The positive outcome of COVID-19 vaccine roll out in Britain over the last week strayed the investors away from safe haven. In the international market, Gold was trading at USD 1832.30 per ounce in New York. On the other hand, Silver traded at USD 23.82 per ounce.
USD/ INR- Sensex Today
Sensex started this week on a positive note on 5 December. Accordingly, it increased by 0.77% and saw a 347.42 point rise. Thereby ending the session at 45,426.97 at 4:10 PM IST on Monday. Similarly, the NIFTY rose by 0.73% or 97.20 points rise and ended up at 13,355.75