USD/ INR: Indian Rupee Forex Report 9 February

USD/INR- The Indian currency settled at 72.86 at 8:44 PM INR on 9 February. The Indian rupee traded between 72.785 and 73.005 today. Subsequently, the rupee is holding well at 73 since September. On the other hand, the dollar index continues to fall steeply. Accordingly, it fell by 0.01% and settled at 90.43 as of 9:52 PM EST on Tuesday. 

USD/ INR: Oil Prices

The US WTI crude oil prices fell for the first time in the week after experiencing gain yesterday. The oil demand concern and the growing coronavirus pandemic fear kept the investors on edge. Accordingly, crude oil fell by 0.31% at 9:41 PM on 9 February to trade at USD 58.18 per barrel globally. On the other hand, Brent Crude trading at USD 60.97 per barrel as it was traded 0.20% lower on Tuesday.

USD/ INR- Gold Prices

Precious metal prices continue to rise after falling the previous week. Accordingly, gold futures increased by 0.24% or 114.00 Rupees to settle at 47953.00 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures decreased by 371.00 Rupees or 0.53% to settle at Rs. 69713.00 per kg. The emergence of 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 1839.99 per ounce in New York. On the other hand, Silver traded at USD 27.36 per ounce.

USD/ INR- Sensex Today

The BSE Sensex ended in the green on 9 February. Accordingly, Sensex increased by 1.04% or 732.14 points. Thereby ending the session at 51,329.08 at 4:10 PM IST on Tuesday. Similarly, the NIFTY increased by 0.34% or 91.05 points and ended up at 15,109.30.

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