USD/ INR: Indian Rupee Strengthens Against Dollar

USD/INR- The Rupee was at 73.88 as of 09:07 PM IST on 27th August. Rupee saw an intra-day high of 73.36 and a low of 73.81. Despite the increasing US-China tensions, Asian markets have reached their two-year peak. The domestic equity market, along with the steady foreign fund inflows and the weak dollar helped the rupee today.

USD/ INR: Oil Prices

The WTI futures fell by 0.5% and ended the day at USD 43.34 by 00:14 GMT. On the other hand, Brent crude increased by 2 cents and was at USD 45.66. The hurricane threat in the US did not affect oil prices as much as anticipated. This was mainly due to the ample inventories available because of the lack of demand during the pandemic.

USD/ INR- Gold Prices on 27th August

Gold prices fell on Thursday. The October gold futures fell by 0.22% to end at Rs. 51,665 per 10 grams on the multi-commodity exchange. In the international market, spot gold fell traded at $1,952.11 per ounce. Likewise, Silver futures fell by 1% to Rs. 66,821 per kg.

Gold prices have weakened because consumer demand is low from major economies like China and India. However, with the tension rise between the US and China, gold will be the go-to asset for investors as it is treating as a hedge against inflation during economic uncertainty.

USD/ INR- Sensex on 27 August

The Sensex ended in green for the fourth day in a row this week. That is, it was up by 0.10% on Thursday and saw a 39.55 point increase. Accordingly, it ended at 39,113.47 at 3:40 PM IST on 27 August. Also, the NIFTY saw a rise of 9.65 points or 0.084% and finalised at 11,559.25. IndusInd Bank, HDFC twins, SBI, ICICI Bank, Axis Bank, ITC and Asian Paints were some top gainers.

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