USD/INR- On the occasion of republic day, the Indian Rupee trades flat. Accordingly, it settled at 72.96 as of 11:45 UTC on 26 January same level as that of Monday. The Indian Rupee is holding steady for two consecutive days. The equity market was closed in observation of Republic day.
On the other hand, the dollar index fell by 0.01% and settled at 90.16 as of 8:29 PM EST on Tuesday.
USD/ INR: Oil Prices
The US WTI crude oil prices rose after continuous two days fall. Even though the oil demand concern kept the investors on edge, the US stimulus gives them hope. Also, the growing coronavirus pandemic fear is subsided by the successful vaccine rollout. Accordingly, crude oil rose by 0.27% at 11:50 PM GMT on 26 January to trade at USD 52.75 per barrel globally. On the other hand, Brent Crude trading at USD 55.99 per barrel was traded 0.14% higher on Tuesday.
USD/ INR- Gold Prices
Precious metal prices edged lower on Republic day. Accordingly, gold futures decreased by 0.10% or 50.00 Rupees to settle at 49090 per 10 grams on the multi-commodity exchange. Likewise, Silver futures decreased by 182.00 Rupees or 0.27% to settle at Rs. 66460.00 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 1852 per ounce in New York. On the other hand, Silver traded at USD 25.25 per ounce.
USD/ INR- Sensex Today
The equity market was closed on 26 January. It remained closed for public on the account of Republic day.
Republic day celebrations in India was on the edge this year. From scaling down the parade to the violent tractor rally, Republic day in Delhi was chaotic.