USD/ INR: Indian Rupee Forex Report on 19 November

USD/INR- Indian rupee value settled at 74.106 as of 10:15 PM IST against US Dollar on 19 November. The rupee opened high at 74.290 on Thursday. Yesterday, the rupee reached the highest of 73.106 and the lowest at 74.338. At the same time, the dollar index increased by 0.16% or 0.14 points and was at 92.46. 

USD/ INR: Oil Prices

The US WTI crude decreased by 1.00% and settled at USD 41.40 per barrel at 11:45 PM GMT on 19 November. On the other hand, Brent Crude was trading at USD 43.88 per barrel as it traded 1.04% lower on Thursday. The oil prices fall is attributed to the global pandemic and the demand-supply mismatch. Currently, the downfall has left the gulf nations in need of economic diversification for their survival. On the other hand, the news on COVID-19 vaccine seems like the only hope for the return of normalcy.

USD/ INR- Gold Prices

Gold prices fell for the fourth consecutive day on 19 November. Accordingly, December gold futures decreased by 0.67% or 338 Rupees to Rs. 49,987 per 10 grams on the multi-commodity exchange. Likewise, Silver futures fell by 1043 Rupees or 1.67% to settle at Rs. 61,500 per kg. With the news on COVID-19 vaccine, the investors are looking forward to a faster economic rebound. Thus, straying them away from investing in safe haven. In the international market, Gold was trading at USD 1856 per ounce in New York. On the other hand, Silver traded at USD 23.80 per ounce.

USD/ INR- Sensex Today

Sensex ended the day in red 19 November. Accordingly, it decreased by 1.31% and saw a 580.09 point rise. Thereby ending the session at 43,599.60 at 6:00 PM IST on Thursday. Similarly, the NIFTY fell by 1.29% and ended up at 12,771.70.

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