USD/ INR: Indian Rupee Forex Report 12 January

USD/INR- Indian currency value settled at 73.26 on 12 January against the US Dollar. The Indian Rupee falls as the USD rises steeply. Today, it reached the highest at 73.200 and the lowest at 73.494. At the same time, the dollar index rose by 0.11% and settled at 90.36 as of 11:16 AM EST. 

USD/ INR: Oil Prices

The US WTI crude oil rose on 12 January despite the sharp rise in Chinese COVID cases and strong Dollar. Accordingly, it rose by 1.61% at 5:50 PM GMT on 12 January to trade at USD 53.09 per barrel globally. On the other hand, Brent Crude trading at USD 56.58 per barrel as it traded 1.65% higher on Tuesday. 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 for oil drillers this year.

USD/ INR- Gold Prices

As per today’s trend, Gold prices fell due to the resurgence of new coronavirus strain. Accordingly, gold futures increased by 0.45% or 223.00 Rupees to settle at 49118.00 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures rose by 236.00 Rupees or 0.36% to settle at Rs. 65791.00 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 1858 per ounce in New York. On the other hand, Silver traded at USD 25.39 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the green on 12 January. Accordingly, Sensex increased by 0.50% or 247.79 points. Thereby ending the session at 49,517.11 at 4:10 PM IST on Tuesday. Similarly, the NIFTY increased by 0.54% or 78.70 points and ended up at 14,563.45.

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