USD/ INR: Indian Rupee Value Rises to 73.35

USD/INR- Rupee value was at 73.358 as of 9:45 PM IST against US Dollar Yesterday. On October 12, the rupee reached the highest of 73.423 and the lowest at 73.015. At the same time, the dollar index rose by 0.01% and was at 93.07. On the other hand, the US politics, relief stimulus, and Coronavirus pandemic continue to remain in the limelight.

USD/ INR: Oil Prices

The US WTI crude decreased by 3.05% that is 1.24 points at 8:37 PM and settled at USD 39.36 per barrel on 12 October. Likewise, the Brent Crude dropped by 2.5% and was at USD 41.67 per barrel at 8:45 PM. The oil prices declined due to the drop in demand. However, the price reduction was accompanied by the ease in supply concerns. On the other hand, the stalling stimulus strains the oil prices; thus, OPEC expects a weak quarter.

USD/ INR- Gold Prices

Gold futures started the week positively with gains. Accordingly, December gold futures increased by 0.61% or 308.00 points to Rs. 51,125 per 10 grams on the multi-commodity exchange. Similarly, on 12 October Silver futures rose by 265 Rupees or 0.42% to Rs. 63,149 per kg. Subsequently, in the international market, Gold traded at USD 1925 per ounce, and silver was trading at USD 25.26 per ounce. After a long struggle, Gold is finding ground and seeing a spike in prices in the last few days.

USD/ INR- Sensex on 12 October

Sensex ends the day on a positive note on Monday. Accordingly, it rose by 0.21% and saw an 84.31 point increase. Subsequently, ending the session at 40593.80 at 6:00 PM IST on 12 October. Similarly, the NIFTY increased by 0.14% or 16.75 points and ended the day at 11930.95.

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