USD/INR- Indian rupee value was at 73.65 as of 7:26 PM IST on 30th September. The favourable domestic equity market helped the Indian Rupee. Further, the rupee reached an intra-day highest of 73.69 and lowest at 73.86 against the US Dollar. The dollar index also rose by 0.08% to 93.96.
USD/ INR: Oil Prices
The US WTI crude futures fell by 0.7% and was at USD 39.29 per barrel yesterday at 00:48 GMT. On the other hand, Brent Crude decreased by 0.6% and was at USD 41.03 per barrel. The rising numbers of coronavirus cases have put massive pressure on the oil market. This is because the demand is not increasing, but there is a surge in supply. Analysts expect the oil market to have a minimal movement in prices in the coming weeks unless the demand miraculously goes up.
USD/ INR- Gold Prices
Both gold and silver futures fell sharply on 30 September after seeing a momentary gain on 29 September. Accordingly, gold futures decreased by 0.8% to Rs. 50,249 per 10 grams on the multi-commodity exchange. Likewise, Silver futures fell by 2.8% to Rs. 60,700 per kg. In the global market, gold decreased by 0.1% and traded at around USD 1,896.03. Also, an increase in the dollar index had heavily impacted the gold prices last week. As of now, the gold prices will primarily depend on haven seekers, says Carsten Menke of Julius Baer.
USD/ INR- Sensex on 30th September
Sensex ends on a positive note on Wednesday. That is, it rose by 0.25% and saw a 94.71 point increase. Accordingly, it ended at 37,067.93 at 3:40 PM IST on 30th September. Similarly, the NIFTY rose by 0.22% or 25.15 points and ended up at 11,247.55. The small and the mid-caps underperformed yesterday. FMCG, Pharma and IT were some indices that performed well.