USD/ INR: Indian Rupee Forex Report 11 January

USD/INR- Indian currency value settled at 73.50 on 11 January against the US Dollar. The Indian Rupee falls as the USD rises steeply. Today, it reached the highest at 73.340 and the lowest at 73.596. At the same time, the dollar index rose by 0.50% and settled at 90.53 as of 11:28 AM EST. 

USD/ INR: Oil Prices

The US WTI crude oil tumbled on 11 January owing to the sharp rise in Chinese COVID cases and strong Dollar. Accordingly, it fell by 0.27% at 6:45 PM GMT on 11 January to trade at USD 52.10 per barrel globally. On the other hand, Brent Crude trading at USD 55.61 per barrel as it traded 0.82% lower on Monday. Oil prices are surviving due to the major cuts that were extended by OPEC+. However, the low demand and high supply is a major concern in 2021.

USD/ INR- Gold Prices

As per today’s trend, Gold prices rose as investors sought a safe haven amid the resurgence of new coronavirus strain. Accordingly, gold futures increased by 0.60% or 293 Rupees to settle at 49260.00 per 10 grams on the multi-commodity exchange. Likewise, Silver futures rose by 1119.00 Rupees or 1.74% to settle at Rs. 65350.00 per kg. The emergence of COVID-19 pandemic and the COVID-19 vaccine kept the prices of precious metals on edge this year. In the international market, Gold was trading at USD 1832 per ounce in New York. On the other hand, Silver traded at USD 24.62 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the green on 11 January. Accordingly, Sensex increased by 1.00% or 486.81 points. Thereby ending the session at 49,269.32 at 4:10 PM IST on Monday. Similarly, the NIFTY increased by 0.96% or 137.50 points and ended up at 14,484.75.

USD/INR- TCS Share Hit Record High

TCS net profit climbs up to 8701 crores this year from 8118 crores of the previous year. In accordance with that, TCS saw a whopping rise of 3.32% to hit a high of 3224 rupees on the Sensex today. This, in turn, has kicked off the nation’s corporate earnings.

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