USD/ INR: Indian Rupee Forex Report on 27 October

USD/INR- Indian rupee settled at 73.679 as of 9:07 PM IST against US Dollar on 27 October. The rupee opened high at 73.927 on Tuesday. Yesterday, the rupee reached the highest of 74.021 and the lowest at 73.603. At the same time, the dollar index decreased by 0.16% or 0.15 points and was at 92.89. 

USD/ INR: Oil Prices

The US WTI crude increased by 1.58% or 0.61 points and settled at USD 39.17 per barrel at 10:50 PM GMT on 27 October. On the other hand, Brent Crude was trading at USD 41.38 per barrel as it traded 0.57 points or 1.40% higher yesterday. The oil prices continue to fluctuate based on the concerning COVID case surge and impending US elections. Further, market experts predict that the trend will continue to remain the same for at least a week. Also, the shut down of a few oil companies in the US Gulf of Mexico due to hurricane helped oil increase its price.

USD/ INR- Gold Prices

Gold futures fell on 27 October. Accordingly, December gold futures decreased by 0.10% or 52.00 points to Rs. 50,878 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures increased by 172 Rupees or 0.28% to settle at Rs. 62,078 per kg. Gold prices fell on stable dollar and unending hopes for the US stimulus. In the international market, Gold was trading at USD 1908.00 per ounce in New York. On the other hand, Silver traded at USD 24.30 per ounce. Note that, China’s gold import from Hong Kong reached a six month high in September. Thus, assisting global economic recovery as demand recovered in world’s top consumer of gold.

USD/ INR- Sensex Today

Sensex ended the day in the green on 27 October. Accordingly, it increased by 0.94% and saw a 376.6 point rise. Thereby ending the session at 40522.10 at 6:00 PM IST on 27 October. Similarly, the NIFTY rose by 1.03% or 121.65 points and ended up at 11,889.40.

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