USD/ INR: Indian Rupee Forex Report 29 January

USD/INR- On January 29, the Indian currency settled at 72.86 at 8:41 PM INR. The Indian rupee rose marginally at the end of the week. On the other hand, the dollar index fell 0.01% and settled at 90.45 as of 10:00 AM EST on Friday. 

USD/ INR: Oil Prices

The US WTI crude oil prices rose today after experiencing a sharp fall yesterday. The oil demand concern and the growing coronavirus pandemic fear kept the investors on edge. Accordingly, crude oil rose by 0.99% at 8:53 PM on 29 January to trade at USD 52.86 per barrel globally. On the other hand, Brent Crude trading at USD 56.04 per barrel was traded 0.92% higher on Friday.

USD/ INR- Gold Prices

Precious metal prices finally rose after falling for four straight days. Accordingly, gold futures increased by 1.09% or 531.00 Rupees to settle at 49155.00 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures increased by 2771.00 Rupees or 4.10% to settle at Rs. 70366.00 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 1844.35 per ounce in New York. On the other hand, Silver traded at USD 26.35 per ounce.

USD/ INR- Sensex Today

The BSE Sensex swooped down over 588.59 points on 29 January. Accordingly, Sensex decreased by 1.26% or 588.59 points. Thereby ending the session at 46,285.77 at 4:10 PM IST on Friday. Similarly, the NIFTY decreased by 1.32% or 182.95 points and ended up at 13,634.60. Today, Infosys, Reliance, TCS, HDFC, and Maruti Suzuki performed badly.

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