USD/INR- The Indian Currency value is rising steadily since last month. Currently, trading in the range of 73. Accordingly, it settled at 73.21 on 19 May. Despite the ongoing COVID-19 crisis, the Indian currency is strengthening against the US Dollar. The Indian rupee traded between 73.180 and 73.220 today. On the other hand, the dollar index increased today. Accordingly, its value rose and settled at 90.20 as of 9:30 PM EDT Wednesday.
USD/ INR: Oil Prices
The US WTI crude oil prices began this week on a high. However, with the ongoing oil demand concern and the growing coronavirus pandemic, it is highly uncertain. Also, recent studies predict that the oil demand will not reach the pre-crisis level until 2023. Accordingly, crude oil decreased by 011% at 7:00 PM on 19 May to trade at USD 63.29 per barrel globally. At the same time, Brent Crude was set at USD 66.63 per barrel and traded at a rate of 0.05% lower.
USD/ INR- Gold Prices
Precious metal prices increased after crashing yesterday amid the COVID-19 case rise in India Accordingly, gold futures increased by 0.75% or 363.00 Rupees to settle at 48670.00 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures decreased by 803.00 Rupees or 1.10% to settle at Rs. 723939.00 per kg. The resurgence of the 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 1873.00 per ounce in New York. On the other hand, Silver traded at USD 27.38 per ounce.
USD/ INR- Sensex Today
The BSE Sensex fell and ended in the red on 19 May. Accordingly, Sensex decreased by 0.58% or 290.69 points. Thereby ending the session at 49902.64 at 4:10 PM IST Monday. Similarly, the NIFTY increased by 0.52% or 77.95 and ended up at 15030.15.