USD/INR- Indian rupee value settled at 73.6618 on 8 December against the US Dollar. The rupee began this week at a high of 73.687 on Tuesday. Yesterday, it reached the highest at 73.608 and the lowest at 73.879. At the same time, the dollar index decreased by 0.06% to settle at 90.91 as of 9:01 PM EST.
USD/ INR: Oil Prices
The US WTI crude oil 0.35% lower at 10:50 PM GMT on 8 December. Accordingly, Crude oil traded at USD 45.44 per barrel globally. On the other hand, Brent Crude was trading at USD 48.67 per barrel as it traded 0.35% lower on Tuesday. The low demand for oil is returning as China’s buying spree reduces. Accordingly, Russia is preparing for a long term low oil demand scenario.
USD/ INR- Gold Prices
Gold prices increased on 8 December. Accordingly, December gold futures rose by 2.5% or 816 Rupees to Rs. 49,430 per 10 grams on the multi-commodity exchange. Likewise, Silver futures rose by 3063 Rupees or 3.6% to settle at Rs. 64,361 per kg. Amid the hopeful COVID-19 vaccine, the rise in COVID-19 cases and positive news regarding the bill supported the precious metals. In the international market, Gold was trading at USD 1864 per ounce in New York. On the other hand, Silver traded at USD 24.52 per ounce.
USD/ INR- Sensex Today
Sensex ended in green on 8 December. Accordingly, it increased by 0.40% and saw a 181.54 point rise. Thereby ending the session at 45,608.51 at 4:10 PM IST on Tuesday. Similarly, the NIFTY rose by 0.28% or 37.20 points rise and ended up at 13,392.95.