USD/ INR: Indian Rupee Forex Report 21 December

USD/INR- Indian rupee value settled at 74.028 on 21 December against the US Dollar at 9:30 PM. The India currency began at a high of 73.573 at the beginning of the week. Yesterday, it reached the highest at 73.105 and the lowest at 73.575. At the same time, the dollar index rose by 0.08% to settle at 90.09 as of 2:14 PM EST. 

USD/ INR: Oil Prices

The US WTI crude oil crashed on Monday following the spread of new COVID-19 mutant strain. Accordingly, it fell by 2.77% at 10:40 PM GMT on 21 December to trade at USD 47.74 per barrel globally. On the other hand, Brent Crude was trading at USD 50.84 per barrel as it traded 2.72% lower on Monday. Despite oil facing the low demand crisis in the world, Indian fuel demand is soraing high amid the pandemic.

USD/ INR- Gold Prices

Gold prices rose on 21 December as investors return to the safe haven owing to the new mutant strain. Accordingly, December gold futures increased by 0.17% or 84.00 Rupees to Rs. 50,388.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures rose by 1157.00 Rupees or 1.70% to settle at Rs. 69,064.00 per kg. Amid the hopeful COVID-19 vaccine, the precious metals continue its gaining momentum. In the international market, Gold was trading at USD 1874.91 per ounce in New York. On the other hand, Silver traded at USD 27.01 per ounce.

USD/ INR- Sensex Today

The stock markets crashed on 21 December owing to weak global cues and coronavirus resurgence. Accordingly, Sensex ended in the red as it decreased by 3.00%. Thereby ending the session at 45,553.96 at 4:10 PM IST on Monday. Similarly, the NIFTY decreased by 3.14% or 432.15 points drop and ended up at 13,328.40..

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