USD/ INR: Indian Rupee Forex Report 20 January

USD/INR- Indian Rupee value settled at 72.94 as of 3:30 PM UTC on 20 January against the US Dollar. The Indian Rupee rises as the USD falls steeply. Today, it reached the highest at 73.192 and the lowest at 73.942. At the same time, the dollar index fell by 0.03% and settled at 90.47 as of 10:24 AM EST. 

USD/ INR: Oil Prices

The US WTI crude oil increased on 20 January due to the lowering demand concerned. However, in OPEC+ opinion the oil prices will stay on edge due to the coronavirus pandemic. Accordingly, it rose by 1.11% at 7:40 PM GMT on 20 January to trade at USD 53.40 per barrel globally. On the other hand, Brent Crude trading at USD 56.46 per barrel was traded at 1.00% higher on Wednesday. India’s December oil imports have increased the highest in 3 years.

USD/ INR- Gold Prices

As per today’s trend, Gold prices rises as investors invest in precious metals. Accordingly, gold futures increased by 1.19% or 582.00 Rupees to settle at 49565.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures decreased by 606.00 Rupees or 1.69% to settle at Rs. 65,208 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 1854 per ounce in New York. On the other hand, Silver traded at USD 25.28 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the green on 20 January. Accordingly, Sensex increased by 0.80% or 393.83 points. Thereby ending the session at 49,792.12 at 4:10 PM IST on Wednesday. Similarly, the NIFTY increased by 0.85% or 123.55 points and ended up at 14,644.70.

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