USD/ INR: Indian Rupee Forex Report 18 January

USD/INR- Indian Rupee value settled at 73.27 as of 7:31 PM UTC on 18 January against the US Dollar. The Indian Rupee slips again as the USD rises steeply. Today, it reached the highest at 73.130 and the lowest at 73.332. At the same time, the dollar index rose by 0.12% and settled at 90.89 as of 8:43 AM EST. 

USD/ INR: Oil Prices

The US WTI crude oil rose on 18 January despite the rising pandemic and demand concern. Accordingly, it rose by 0.18% at 7:26 PM GMT on 18 January to trade at USD 52.40 per barrel globally. On the other hand, Brent Crude trading at USD 54.98 per barrel was traded at 0.24% lower on Monday. The fall is mainly due to the rising fears of coronavirus. Adding to that is the slow pace of vaccination around the world.

USD/ INR- Gold Prices

As per today’s trend, Gold prices rises in India. Accordingly, gold futures increased by 0.21 or 102 Rupees to settle at 48804.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures also rose by Rupees 541.00 Rupees or 0.54% to settle at Rs. 64116.00 per kg. The emergence of COVID-19 pandemic and the COVID-19 vaccine is keeping the precious metals’ prices on edge this year. In the international market, Gold was trading at USD 1834 per ounce in New York. On the other hand, Silver traded at USD 25 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the red on 18 January. Accordingly, Sensex decreased by 0.96% or 470.40 points. Thereby ending the session at 48,564.27 at 4:10 PM IST on Monday. Similarly, the NIFTY decreased by 1.06% or 152.40 points and ended up at 14,281.30. UPL, Jubilant Food, Reliance, Titan Company, and PVR were among the top gainers today.

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