USD/ INR: Indian Rupee Forex Report 22 January

USD/INR- Indian Rupee value settled at 73.00 as of 11:58 PM UTC on 22 January against the US Dollar. The Indian Rupee rises following the Yellen’s US Stimulus support. Today, it reached the highest at 72.925 and the lowest at 73.106. At the same time, the dollar index rose by 0.09% and settled at 90.21 as of 5:00 PM EST on Friday. 

USD/ INR: Oil Prices

The US WTI crude oil decreased on 22 January as the oil rally ended. Also, the new lockdown measures increase the oil demand concern. Similarly, in OPEC+ opinion the oil prices will stay on edge due to the coronavirus pandemic. Accordingly, crude oil fell by 1.60% at 11:50 PM GMT on 22 January to trade at USD 52.27 per barrel globally. On the other hand, Brent Crude trading at USD 55.41 per barrel was traded 1.28% lower on Friday.

USD/ INR- Gold Prices

As per today’s trend, Gold prices tumbles on 22 January. Accordingly, gold futures decreased by 0.62% or 308.00 Rupees to settle at 491140.00 per 10 grams on the multi-commodity exchange. Concomitantly, Silver futures decreased by 725.00 Rupees or 1.08% to settle at Rs. 66575.00 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 1851 per ounce in New York. On the other hand, Silver traded at USD 25.40 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the red for the second consecutive day on 22 January. Accordingly, Sensex decreased by 1.50% or 746.22 points. Thereby ending the session at 48,878.54 at 4:10 PM IST on Friday. Similarly, the NIFTY decreased by 1.50% or 218.45 points and ended up at 14,371.90.

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