USD/INR- Indian rupee value settled at 73.73 on 9 December against the US Dollar. The rupee began this week at a high of 73.720 on Wednesday. Yesterday, it reached the highest at 73.503 and the lowest at 73.725. At the same time, the dollar index decreased by 0.05% to settle at 91.04 as of 9:46 PM EST.
USD/ INR: Oil Prices
The US WTI crude oil 0.64% higher at 10:50 PM GMT on 9 December. Accordingly, Crude oil traded at USD 45.81 per barrel globally. On the other hand, Brent Crude was trading at USD 49.13 per barrel as it traded 0.55% higher on Wednesday. The low demand for oil is returning as China’s buying spree reduces. Accordingly, Russia is preparing for a long term low oil demand scenario. Also, experts predict that the oil crisis will worsen in winter.
USD/ INR- Gold Prices
Gold prices decreased on 9 December as optimism for COVID vaccine increases. Accordingly, December gold futures fell by 1.08% or 942 Rupees to Rs. 49,167 per 10 grams on the multi-commodity exchange. Likewise, Silver futures tumbled by 1892 Rupees or 2.9% to settle at Rs. 63,300 per kg. Amid the hopeful COVID-19 vaccine, the investor’s attention is driven further away from the precious metals. In the international market, Gold was trading at USD 1851 per ounce in New York. On the other hand, Silver traded at USD 24.01 per ounce.
USD/ INR- Sensex Today
Sensex ended in green on 9 December. Accordingly, it increased by 1.2% and saw a 201.64 point rise. Thereby ending the session at 46,103.50 at 4:20 PM IST on Wednesday. Similarly, the NIFTY rose by 0.35% or 45.20 points rise and ended up at 13,529.10.