USD/INR- Indian rupee settled at 74.74 as of 9:25 PM IST against US Dollar on 4 November. The rupee is highly likely to touch 75.00, analysts note that the rupee may take two months to recover. Yesterday, the rupee reached an intra- high of 74.57 and the lowest at 74.90. At the same time, the dollar index increased by 0.35% and was at 93.88.
USD/ INR: Oil Prices
The US WTI crude rose by 2.89% and settled at USD 38.75 per barrel at 10:50 PM GMT on 4 Novmber. On the other hand, Brent Crude was trading at USD 39.86 per barrel as it traded 0.38% higher yesterday. The close fight between US presidential candidate- Joe Biden and Donald Trump drew all the attention yesterday. This is mainly because both electoral candidates have their pros and cons with regard to the oil market. On the other hand, the COVID-19 lockdown in several places might result in the decline of oil prices.
USD/ INR- Gold Prices
Gold futures fell on 4 November. Accordingly, December gold futures decreased by 0.68% to Rs. 51.000 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures decreased by 1.99% to settle at Rs. 61,600 per kg. Gold prices fell on the stable dollar and unending hopes for the US stimulus. In the international market, Gold was trading at USD 1098.00 per ounce in New York. On the other hand, Silver traded at USD 24.25 per ounce.
USD/ INR- Sensex Today
Sensex ended the day in the green on 4 November. Accordingly, it increased by 237.42 points. Thereby ending the session at 40498.55 at 6:00 PM IST on Wednesday. Similarly, the NIFTY rose by 60.90 points and ended up at 11,874.40.