USD/ INR: Indian Rupee Forex Report 11 December

USD/INR- Indian rupee value settled at 73.74 on 11 December against the US Dollar at 11:58 PM. The India currency began at a high of 73.710 on Friday. Yesterday, it reached the highest at 73.535 and the lowest at 73.817. At the same time, the dollar index rose by 0.17% to settle at 90.98 as of 5:00 PM EST. 

USD/ INR: Oil Prices

The US WTI crude oil decreased by 0.45% at 10:50 PM GMT on 11 December. Accordingly, Crude oil traded at USD 46.57 per barrel globally. On the other hand, Brent Crude was trading at USD 49.97 per barrel as it traded 0.56% higher on Friday. The low demand for oil plunges even more following the rally on the back of OPEC+ agreement. Also, the COVID-19 vaccine roll out around the world is responsible for the fall in prices.

USD/ INR- Gold Prices

Gold prices rose on 11 December amid the preparation for COVID-19 vaccine roll out. Accordingly, December gold futures increased by 0.45% or 223.00 Rupees to Rs. 49,300 per 10 grams on the multi-commodity exchange. Similarly, Silver futures rose by 118 Rupees or 0.19% to settle at Rs. 63,648 per kg. Amid the hopeful COVID-19 vaccine, the investor’s attention is driven further away from the precious metals. In the international market, Gold was trading at USD 1837.20 per ounce in New York. On the other hand, Silver traded at USD 24.04 per ounce.

USD/ INR- Sensex Today

Sensex ended in the green on 11 December. Accordingly, it increased by 0.30% and saw a 139.13 point rise. Thereby ending the session at 46,099.01 at 4:00 PM IST on Friday. Similarly, the NIFTY increased by 0.26% or 35.55 points rise and ended up at 13,513.85.

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