USD/ INR: Indian Rupee Settles at 73.685

USD/INR- Indian rupee was at 73.685 as of 9:40 PM IST against US Dollar on 22 October. On Thursday, the rupee reached the highest of 73.805 and the lowest at 73.525. The Indian Rupee continues to deal at 73 in October. Further, the dollar index rose by 0.09% and was at 93.03 as of 11:54 PM. The US stimulus package, uncertainty over Brexit, and the COVID-19 cases hold the market participants on edge.

USD/ INR: Oil Prices

The US WTI crude rose by 1.40% or 0.56 points and was at USD 40.59 per barrel on 22 October. On the other hand, Brent Crude also increased by 0.63% or 0.63 points and was at USD 42.36 per barrel. The demand concern rises among the investors following the COVID-19 second wave in the US and Europe. Further, the increase in stockpiles rises the already high global supply concerns. The demand-supply imbalance continues to have a concerning grip on oil prices.

USD/ INR- Gold Prices

Gold futures started this week on a positive note, however, it saw a fall on Thursday. Accordingly, December gold futures decreased on 22 October and settled at Rs. 50,630 per 10 grams on the multi-commodity exchange. Gold prices fell by 1.37% or 703.00 points. Likewise, Silver futures fell by 2.05% or 1305 points to Rs. 62324 per kg. In the global market, gold futures traded at around USD 1,902.00. At the same time, Silver traded 0.8% lower at USD 24.56 per ounce. The metals prices fell despite the beginning of the festive season in India. Also, they are waiting for new triggers from the US stimulus talk that keeps them afloat amid Dollar fluctuations.

USD/ INR- Sensex on 22 October

Sensex ended the day in the red. That is, Sensex fell by 0.37% and saw a 148.82 point decrease. Accordingly, it ended at 40,558.49 at 4:10 PM IST on 22 October. Similarly, the NIFTY fell by 0.35% or 41.20 points and ended up at 11,896.45.

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