USD/ INR: Indian Rupee Forex Report on 10 November

USD/INR- Indian rupee settled at 74.29 as of 10:05 PM IST against US Dollar on 10 November. The rupee opened high at 73.930 on Tuesday. Yesterday, the rupee reached the highest of 73.948 and the lowest at 74.475. At the same time, the dollar index fell by 0.11% or 0.10 points and was at 92.65. 

USD/ INR: Oil Prices

The US WTI crude decreased by 0.27% and settled at USD 40.40 per barrel at 4:33 PM GMT on 10 November. On the other hand, Brent Crude was trading at USD 42.62 per barrel as it traded 0.52% lower yesterday. The oil prices surged 10% the day before yesterday owing to the positive announcement from the COVID-19 vaccine developers. However, they slumped yesterday owing to the weak participation in the market. Besides, the investors are looking forward to the return of normalcy after the pandemic slump.

USD/ INR- Gold Prices

Gold prices continues their fall on 10 November. Accordingly, December gold futures decreased by 3.2% or 662.00 points to Rs. 50,338 per 10 grams on the multi-commodity exchange. Similarly, Silver futures decreased by 1431 Rupees or 5.06% to settle at Rs. 62,217 per kg. With the news on COVID-19 vaccine, the investors shifted focus from safe haven to risker assets. In the international market, Gold was trading at USD 1886 per ounce in New York. On the other hand, Silver traded at USD 24.31 per ounce.

USD/ INR- Sensex Today

Sensex ended the day in the green on 10 November. Accordingly, it increased by 1.05% and saw a 503.60 point rise. Thereby ending the session at 43,277.65 at 6:00 PM IST on Tuesday. Similarly, the NIFTY rose by 1.3% and ended up at 12,631.10.

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