USD/ INR: Indian Rupee Forex Report on 01 December

USD/INR- The Indian Currency closes close to 75 due to inflation concerns, however, it does not exceed 75 despite pre-fed woes. Accordingly, it settled at 74.97 on 01 December. The Indian rupee traded between 74.947- 75.085 today. As of now, the dollar inflow and the intervention from RBI weaken the upward trend of USD/INR. On the other hand, the dollar index increased today. Accordingly, its value rose and settled at 96.04 as of 04:25 PM EDT Wednesday.

USD/ INR: Oil Prices

The US WTI crude oil prices are highly volatile. Oil refiners are beginning to face the margins affected due to the record high prices of natural gases in Europe and Asia. Also, the oil demand forecasts fall flat as the demand continues to grow. Owing to this, the prediction of oil prices is highly uncertain these days. The recent news is that the oil prices are set to rise high based on the huge crude inventory draw. Accordingly, crude oil increased by 0.93% at 04:40 PM on 01 December to trade at USD 66.18 per barrel globally. On the other hand, Brent Crude was set at USD 69.48 per barrel and traded at a rate of 0.89% higher.

USD/ INR- Gold Prices

Precious metal prices are slowing rebounding in India, they are highly volatile trying to regain their momentum. . As of Monday, gold futures decreased by 0.25% or 121.00 settles at 47606.00 per 10 gram on the multi-commodity exchange. At the same time, Silver futures rose by 47.00 or 0.08% to settle at 62620.00 kg. The scare of the emergence of the third wave 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 1793 per ounce in New York. On the other hand, Silver traded at USD 23.95 per ounce.

USD/ INR- Sensex Today

The BSE Sensex fell and ended in the green on 01 December following the fall last week. Accordingly, Sensex increased by 0.70% or 403.88 points. Thereby, ending the session at 58088.67 at 4:10 PM IST Wednesday. On the other hand, the NIFTY also increased by 0.68% or 116.85 points and ended at 17288.25.

Leave a Reply

Get Verified Suppliers of Rice, Wheat, Dry Fruits, Pulses and Other Grains