USD/ INR: Indian Rupee Forex Report on 17 November

USD/INR- Indian rupee settled at 74.43 as of 10:29 PM IST against US Dollar on 17 November. The Indian rupee opened high at 73.330 on Tuesday. Yesterday, the rupee reached the highest of 73.345 and the lowest at 74.625. At the same time, the dollar index fell by 0.20% or 0.19 points and was at 92.45. 

USD/ INR: Oil Prices

The US WTI crude decreased by 0.56% and settled at USD 41.11 per barrel at 4:50 PM GMT on 17 November. On the other hand, Brent Crude was trading at USD 43.49 per barrel as it traded 0.75% lower yesterday. The oil prices took a fall yesterday due to the weak participation in the market. The investors are ready to take risks with the COVID-19 vaccine positive news. Also, the supply-demand mismatch continues to affect oil prices.

USD/ INR- Gold Prices

Gold prices continue their fall on 17 November. Accordingly, December gold futures decreased by 0.02% or 11.00 points to Rs. 50,819 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures increased by 451 Rupees or 1.6% to settle at Rs. 62,023 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 1877 per ounce in New York. On the other hand, Silver traded at USD 24.20 per ounce.

USD/ INR- Sensex Today

Sensex ended the day in the green on 17 November. Accordingly, it increased by 0.72% and saw a 314.73 point rise. Thereby ending the session at 43,952.71 at 6:00 PM IST on Tuesday. Similarly, the NIFTY rose by 0.74% and ended up at 12,874.20.

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