USD/ INR: Indian Rupee Value on 23 October

USD/INR- Indian rupee settles at 73.842 as of 10:05 PM IST against US Dollar on 23 October. The rupee continues to trade in the range of 73 in October. Yesterday, the rupee reached the highest of 73.888 and the lowest at 73.475. Concomitantly, the dollar index decreased by 0.21% and was at 92.75. 

USD/ INR: Oil Prices

The US WTI crude fell by 0.89% or 2.19 points and settled at USD 39.75 per barrel at 10:50 PM GMT on 23 October. On the other hand, Brent Crude was trading at USD 41.64 per barrel as it traded 0.82 points or 1.93% lower yesterday. The oil prices continue to fluctuate based on the hopes for a stimulus package. Further, signs of exhaustion will have the opportunity to short both the brent and crude markets. Furthermore, oil continues to depend on a lot of uncertainties, including the lack of demand, a rising number of cases and the demand-supply imbalance. 

USD/ INR- Gold Prices

Gold futures rose on Friday. Accordingly, December gold futures increased by 0.17% or 84 points to Rs. 50,850 per 10 grams on the multi-commodity exchange. On the contrary, Silver futures fell by 255 Rupees or 0.41% to settle at Rs. 62,360 per kg. Gold prices are still volatile in the domestic and the global market. In the international market, Gold was trading at USD 1909.10 per ounce in New York. On the other hand, Silver traded at USD 24.85 per ounce. The volatility is highly influenced by the stimulus package expectation, the US Dollar, Brexit uncertainty, the rising COVID-19 cases and an expectation of a vaccine for the coronavirus. 

USD/ INR- Sensex Today

Sensex ended the day in the green on 23 October. Accordingly, it increased by 0.31% and saw a 127.01 point rise. It was thereby ending the session at 40685.50 at 6:00 PM IST on 24 October. Similarly, the NIFTY rose by 0.28% or 33.90 points and ended up at 11,930.35.

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