USD/ INR: Indian Rupee Settles Flat Against Dollar

USD/INR- Indian rupee was at 73.305 as of 8:40 PM IST against US Dollar on 19 October. On Monday, the rupee reached the highest of 73.290 and the lowest at 73.444. Further, the dollar index rose by 0.31% and was at 93.46. The US stimulus package and uncertainty over Brexit continue to hold the market participants on edge.

USD/ INR: Oil Prices

The US WTI crude rose by 0.42% or 0.17 points and was at USD 41.10 per barrel at 09:47 PM GMT on 19 October. On the other hand, Brent Crude also increased by 0.05% or 0.02 points and was at USD 42.95 per barrel. The price rise wasn’t substantial as the demand concern looms among the investors following the COVID-19 case spike in the US and Europe. Also, the oil prices might be hit further as the fear regarding the second wave of the pandemic is growing, worries OPEC.

USD/ INR- Gold Prices

Gold futures started this week on a positive note by gaining on Monday. Accordingly, December gold futures increased by 0.24% or 123.00 points to Rs. 50,670 per 10 grams on the multi-commodity exchange. Similarly, Silver futures rose by 1.06% or 654.00 points to Rs. 62,330 per kg. In the global market, gold futures traded at around USD 1,909.00. At the same time, Silver traded 1.43% higher at USD 24.76 per ounce. The rise is attributed to yesterday’s weak dollar and the alarming rise in coronavirus cases.

USD/ INR- Sensex on 19th October

Sensex started the week positively by settling in green. That is, Sensex rose by 1.12% and saw a 448.62 point increase. Accordingly, it ended at 40,431.60 at 4:40 PM IST on 19th October. Similarly, the NIFTY rose by 0.794% or 110.60 points and ended up at 11,873.05. Baring Pharma, IT and auto sectors, rest of the sectors ended the day in the green.

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