USD/ INR: Indian Rupee Strengthens Against the Dollar

USD/INR- Rupee value was at 73.64 as of 5:40 PM IST on 18th September. During the session, the rupee witnessed the highest of 73.15 and the lowest at 73.55. The weakening of the dollar index supported the Indian rupee. Further, the dollar index fell by 0.12% to reach 92.85.

USD/ INR: Oil Prices

The WTI futures rose by 0.88% and was trading at USD 41.33 per barrel on 18th September. On the other hand, Brent futures for November increased by 0.79% was at USD 43.64 per barrel. The oil prices have been the highest yesterday in the past few weeks. It is mainly because of the statement issued by Saudi Arabia asking everyone to comply with the OPEC a not indulge in overproduction.

USD/ INR- Gold Prices

Gold prices increased on 18th September. Accordingly, October gold futures increased by 0.2% to Rs. 51,571 per 10 grams on the multi-commodity exchange. Likewise, Silver futures rose by 0.4% to 68,405 per kg. In the international market, spot gold traded at $1,951.13 per ounce, increasing by 0.4%. The not so positive US employment data along with the surging number of coronavirus cases and uncertain global equity market increased the haven appeal of gold. The US Fed’s decision to hold the interest rates near zero also supported non-yielding gold.

USD/ INR- Sensex Today

The Sensex ended in red again for the second time on 18th September. That is, it was down by 0.34% and saw a 134.03 point decrease. Accordingly, it ended at 38,845.82 at 3:40 PM IST on 18th September. Also, the NIFTY saw a fall of 0.097% points or 11.15 points and ended up at 11,504.95. Maruti, Kotak Bank and HUL were some top losers in the index. Further, the Asian markets were kept afloat after central banks around the world decided to keep interest rates low.

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