USD/ INR: Indian Rupee Forex Report 2 February

USD/INR- Following the announcement of the Budget 2021, the rupee value drops. The Indian currency settled at 72.98 at 9:41 PM INR on 2 February. The Indian rupee traded between 72.900 and 73.120 today. On the other hand, the dollar index fell 0.12% and settled at 90.87 as of 9:18 PM EST on Tuesday. 

USD/ INR: Oil Prices

The US WTI crude oil prices rose for the second day after experiencing a sharp fall last month. The oil demand concern and the growing coronavirus pandemic fear kept the investors on edge. Accordingly, crude oil rose by 2.84% at 9:29 PM on 2 February to trade at USD 55.07 per barrel globally. On the other hand, Brent Crude trading at USD 57.88 per barrel was traded 2.72% higher on Tuesday.

USD/ INR- Gold Prices

Precious metal prices begin the month with a fall. Accordingly, gold futures decreased by 1.37% or 664.00 Rupees to settle at 47730.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures decreased by 4866.00 Rupees or 6.61% to settle at Rs. 68800.00 per kg. The emergence of COVID-19 pandemic and the COVID-19 vaccine kept precious metals’ prices on edge this year. In the international market, Gold was trading at USD 1848.30 per ounce in New York. On the other hand, Silver traded at USD 27.50 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the green on 2 February. Accordingly, Sensex increased by 2.46% or 1197.11 points. Thereby ending the session at 49797.72 at 4:10 PM IST on Tuesday. Similarly, the NIFTY increased by 2.57% or 366.65 points and ended up at 14647.85.

Leave a Reply

Get Verified Suppliers of Rice, Wheat, Dry Fruits, Pulses and Other Grains