USD/ INR: Indian Rupee Forex Report 26 March

USD/INR- The Indian Rupee settled at 72.45 at 9:08 PM INR on 26 March. The Indian rupee traded between 72.363 and 72.665 today. On the other hand, the dollar index started this week on a high. Accordingly, its value increased and settled at 92.72 as of 4:59 PM EDT Friday.

USD/ INR: Oil Prices

The US WTI crude oil prices rose on Thursday. 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 increased by 4.12% at 6:30 PM on 26 March to trade at USD 60.97 per barrel globally. On the other hand, Brent Crude was set at USD 64.57 barrel and traded at a rate of 4.23% higher today.

USD/ INR- Gold Prices

Precious metal prices fell again today after the rise yesterday amid the resurgence of COVID-19. Accordingly, gold futures decreased by 0.19% or 87.00 Rupees to settle at 44608.00 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures rose by 1036 Rupees or 1.32% to settle at Rs. 64276.00 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 1726.00 per ounce in New York. On the other hand, Silver traded at USD 25.14 per ounce.

USD/ INR- Sensex Today

The BSE Sensex rose and ended in the green after falling for the past two days. Accordingly, Sensex increased by 1.17% or 568.38 points. Thereby ending the session at 49,008.50 at 4:10 PM IST Friday. Similarly, the NIFTY increased by 1.27% or 182.40 points and ended up at 14507.30. Accordingly, Bajaj Fineserv and Titan are on the top of the gainers’ list.

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