USD/ INR: Indian Rupee Forex Report 28 January

USD/INR- On January 28, the Indian currency traded at 72.973 at 11:57 PM INR. The Indian rupee fell on Thursday despite the optimistic GDP outlook. On the other hand, the dollar index settled at 90.70 as of 9:41 PM EST on Thursday. 

USD/ INR: Oil Prices

The US WTI crude oil prices fell today after experiencing a marginal rise at the beginning of the week. The oil demand concern and the growing coronavirus pandemic fear kept the investors on edge. Accordingly, crude oil fell by 0.13% at 9:04 PM on 28 January to trade at USD 52.27 per barrel globally. On the other hand, Brent Crude trading at USD 55.58 per barrel was traded 0.09% higher on Thursday.

USD/ INR- Gold Prices

Precious metal prices fell for the fourth time this week. Accordingly, gold futures decreased by 0.47% or 231.00 Rupees to settle at 48634.00 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures increased by 1064.00 Rupees or 1.60% to settle at Rs. 67600.00 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 1853 per ounce in New York. On the other hand, Silver traded at USD 25.07 per ounce.

USD/ INR- Sensex Today

The BSE Sensex tanks over 535 points on 28 January. Accordingly, Sensex decreased by 1.13% or 535.00 points. Thereby ending the session at 46,874.36 at 4:10 PM IST on Thursday. Similarly, the NIFTY decreased by 0.13% or 96.00 points and ended up at 13,817.55. Nevertheless, the Indian stock market is all expected to open in green on 29 January.

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