USD/ INR: Indian Rupee Forex Report 24 March

USD/INR- The Indian Rupee settled at 72.86 at 7:25 PM INR on 24 March. The Indian rupee traded between 72.595 and 72.655 today. On the other hand, the dollar index started this week on a high. Accordingly, it’s value increased and settled at 92.61 as of 9:25 PM EDT Wednesday.

USD/ INR: Oil Prices

The US WTI crude oil prices fell on Wednesday. However, with the ongoing oil demand concern and the growing coronavirus pandemic, it is highly uncertain. Also, recent studies predict that the oil demand will not reach the pre-crisis level until 2023. Further, this week’s fall is attributed to the API crude inventory build. Accordingly, crude oil decreased by 1.75% at 6:30 PM on 24 March to trade at USD 60.11 per barrel globally. On the other hand, Brent Crude was set at USD 63.47per barrel and traded at a rate of 1.46% lower on Wednesday.

USD/ INR- Gold Prices

Precious metal prices increased marginally amid the resurgence of COVID-19. Accordingly, gold futures increased by 0.46% or 207.00 Rupees to settle at 44853.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures rose by 275.00 Rupees or 0.42% to settle at Rs. 65247.00 per kg. The emergence of the COVID-19 pandemic and the COVID-19 mutants kept precious metals’ prices on edge this year. In the international market, Spot Gold was trading at USD 1729.00 per ounce in New York. On the other hand, Silver traded at USD 25.12 per ounce.

USD/ INR- Sensex Today

The BSE Sensex fell on 24 March and ended the day in the red. Accordingly, Sensex decreased by 1.74% or 871.13 points. Thereby ending the session at 49,180.31 at 4:10 PM IST Wednesday. Similarly, the NIFTY decreased by 1.79% or 265.35 points and ended up at 14,549.40.

Leave a Reply

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