USD/ INR: Indian Rupee Forex Report on 30 October

USD/INR- Indian rupee was at 74.595 as of 9:02 PM IST against US Dollar on 30 October. On Friday, the rupee reached the highest of 74.703 and the lowest at 74.240. The Indian Rupee ends the October month in the range of 74.00. Further, the dollar index fell by 0.08% or 0.07 points and was at 93.88 as of 06.03 PM. The USD/INR exchange rate is has been experiencing gains for three consecutive weeks.

USD/ INR: Oil Prices

The US WTI crude fell by 2.35% and was at USD 35.32 per barrel on 30 October. On the other hand, Brent Crude also decreased by 0.82% and was at USD 37.34 per barrel. The demand concern rises among the investors following the COVID-19 wave. Also, experts critique that the oil prices will continue to trade in a narrow range for the next two months. Further, the increase in stockpiles rises global supply concerns. Moreover, the oil investments are getting to an all-time low as the demand for oil flattens

USD/ INR- Gold Prices

Gold futures ended this week on a positive note. Accordingly, December gold futures increased on 30 October and settled at Rs. 50,776 per 10 grams on the multi-commodity exchange. Gold prices rose by 0.98% or 494.00 points. Likewise, Silver futures also increased by 1.12% or 674 points to Rs. 60846.0 per kg. In the global market, gold futures traded at around USD 1,902.00. At the same time, Silver traded 0.17% higher at USD 23.40 per ounce. The metals prices are gearing up at the beginning of the festive season in India.

USD/ INR- Sensex on 30 October

Sensex ended the day in the red. That is, Sensex fell by 0.34% and saw a 135.78 point decrease. Accordingly, it ended at 39614.07 at 6:00 PM IST on 30 October. Similarly, the NIFTY fell by 0.24% or 28.40 points and ended up at 11642.40.

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