USD/ INR: Rupee Remains Stable

USD/INR- The Rupee was at 74.81 as of 8:44 PM IST on 13th August. The rupee recorded the highest value of 74.78 and the lowest value at 74.92 against the US Dollar. On the other hand, the dollar index dropped by 0.32% and was at 93.14.

USD/INR: Oil Prices Fall

On Thursday, the Brent futures fell by 8 cents and ended the day at USD 45.35 by 01:50 GMT. On the other hand, WTI crude also decreased by 6 cents and was at USD 42.61. The increasing delay in deciding on the stimulus package in the United States will weigh in on prices, said analysts. Further, there has been a rise in US demand for and is currently at 19.37 million barrels per day- the highest since March this year.

USD/ INR- Gold Prices on 13 August

Gold prices further fell yesterday. Accordingly, the October gold futures fell by 0.4% to end at Rs. 52,036 per 10 grams on the multi-commodity exchange. In the international market, spot gold traded at USD 1,936.29 per ounce, seeing a rise of 1%. Contrarily, Silver futures rose by 0.4% to Rs. 67,050 per kg.

The rising number of cases and the US-China tensions were back into play today determining the gold prices. Investors seem bullish on gold despite the recent vaccine announcement from Russia. The weaker dollar also supported the gold prices globally.

USD/ INR- Sensex on 13 August

The Sensex ends in red for the second day in a row. That is, it was down by 0.15% on Thursday and saw a 59.14 point decrease. Accordingly, it ended at 38,310.49 at 3:40 PM IST. Similarly, the NIFTY saw a fall of 7.95 points or 0.070% and ended at 11,300.45. The broader markets like Nifty Midcap 100 and Nifty SmallCap 100 outperformed the benchmarks today. Auto stocks performed well today whereas pharma stocks did not do well.

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