USD/INR- Indian rupee settled at 74.035 as of 10:03 PM IST against US Dollar on 9 November. The rupee opened high at 73.974 on Monday. Yesterday, the rupee reached the highest of 73.643 and the lowest at 74.175. At the same time, the dollar index rose by 0.67% or 0.61 points and was at 92.84.
USD/ INR: Oil Prices
The US WTI crude increased by 9.21% and settled at USD 40.56 per barrel at 10:05 PM GMT on 9 November. On the other hand, Brent Crude was trading at USD 42.66 per barrel as it traded 8.14% up yesterday. The oil prices surged nearly 10% yesterday owing to the positive announcement from the COVID-19 vaccine developers. The statement regarding the 90% efficacy of the vaccine not only affected yesterday’s trade but instilled hope that the markets would return to normalcy soon.
USD/ INR- Gold Prices
Gold futures started this week on a low. Accordingly, December gold futures decreased by 4.68% or 2441.00 points to Rs. 49,726 per 10 grams on the multi-commodity exchange. Similarly, Silver futures decreased by 4605 Rupees or 7.05% to settle at Rs. 60730 per kg. With the news on COVID-19 vaccine, the investors shifted focus from safe haven to risker assets that led to the fall in metal prices yesterday. In the international market, Gold was trading at USD 1855 per ounce in New York. On the other hand, Silver traded at USD 23.72 per ounce.
USD/ INR- Sensex Today
Sensex ended the day in the green on 9 November. Accordingly, it increased by 1.68% and saw a 704.37 point rise. Thereby ending the session at 42597.43 at 6:00 PM IST on Monday. Similarly, the NIFTY rose by 197.50 points or 1.61% and ended up at 12,461.05.