USD/ INR: Indian Rupee Forex Report on 18 November

USD/INR- Indian rupee value settled at 74.26 as of 10:15 PM IST against US Dollar on 18 November. The rupee opened high at 73.65 on Wednesday. Yesterday, the rupee reached the highest of 73.368 and the lowest at 74.093. At the same time, the dollar index increased by 0.17% or 0.16 points and was at 92.48. 

USD/ INR: Oil Prices

The US WTI crude decreased by 1.00% and settled at USD 40.12 per barrel at 6:00 PM GMT on 18 November. On the other hand, Brent Crude was trading at USD 42.78 per barrel as it traded 0.75% lower on Wednesday. The oil prices fall due to the weak participation in the market. The investors are looking forward to taking risks with the COVID-19 vaccine positive news. Furthermore, the supply-demand mismatch continues to cause turbulence in oil prices.

USD/ INR- Gold Prices

Gold prices fell for the third time this week on 18 November. Accordingly, December gold futures decreased by 0.32% or 357 Rupees to Rs. 50,253 per 10 grams on the multi-commodity exchange. Likewise, Silver futures fell by 532 Rupees or 0.9% to settle at Rs. 62,639 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 1882 per ounce in New York. On the other hand, Silver traded at USD 24.57 per ounce.

USD/ INR- Sensex Today

Sensex ended the day on a high positive note 18 November. Accordingly, it increased by 0.52% and saw a 227.34 point rise. Thereby ending the session at 44,180.05 at 6:00 PM IST on Wednesday. Similarly, the NIFTY rose by 0.50% and ended up at 12,938.25.

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