USD/INR- Indian rupee value settled at 73.91 on 25 November owing to positive news on COVID vaccine. The rupee opened high at 74.38 on Wednesday. Yesterday, the rupee reached the highest of 73.88 and the lowest at 74.02. At the same time, the dollar index fell by 0.10% to settle at 92.13.
USD/ INR: Oil Prices
The US WTI crude traded higher at Rupees 3364 per barrel at 11:45 PM GMT on 25 November on the multi-commodity exchange. Accordingly, Crude oil traded at USD 45.45 per barrel globally. On the other hand, Brent Crude was trading at USD 48.49 per barrel as it traded 1.32% higher on Wednesday. The fresh positions of the market participants led to the rise in oil prices. Analysts convey that the bets raised by the participants led to the rise in oil prices on Wednesday.
USD/ INR- Gold Prices
Gold prices fall continues as the investors lean towards to more hopeful US stimulus bill and COVID vaccine. Accordingly, December gold futures decreased by 0.45% or 237 Rupees to Rs. 50,415 per 10 grams on the multi-commodity exchange. Likewise, Silver futures fell by 1086 Rupees or 1.74% to settle at Rs. 61,380 per kg. With the news on COVID-19 vaccine, the investors are hopeful regarding a faster economic rebound. In the international market, Gold was trading at USD 1896 per ounce in New York. On the other hand, Silver traded at USD 24.22 per ounce.
USD/ INR- Sensex Today
Sensex ended the day in red 25 November. Accordingly, it decreased by 1.56% and saw a 694.92 point drop. Thereby ending the session at 43,828.10 at 6:00 PM IST on Wednesday. Similarly, the NIFTY fell by 1.51% and ended up at 12,858.40.