USD/ INR: Rupee Strengthens Against Dollar

USD/INR- The Rupee was at 74.96 as of 9:12 PM IST on 21st August. The rupee saw an intra-day high of 74.84 and a low of 74.96. Also, the dollar index rose by 0.17% and was at 92.95. Positive domestic equities supported the rupee.

USD/ INR: Oil Prices Gain

Today, the WTI futures rose by 0.2% and ended the day at USD 42.90 by 01:58 GMT. On the other hand, Brent crude increased by 0.4% and was at USD 44.07. The main reason for this is the effort on behalf of the major producers and the OPEC to hold back on production.

USD/ INR- Gold Prices Today

Gold prices further fell today. The October gold futures fell by 1.1% to end at Rs. 51,552 per 10 grams on the multi-commodity exchange. In the international market, spot gold fell by 0.9% and was at $1,930.46 per ounce. Likewise, Silver futures fell by Rs.650 to Rs. 66,950 per kg.

The gold prices seem to be falling marginally, but they will be supported by the weaker US dollar and increasing coronavirus cases worldwide. Also, the anticipation of stimulus from the Central Banks will keep gold prices on edge. In times of economic uncertainty, gold is still the go-to asset to go for investors.

USD/ INR- Sensex on 21st August

The Sensex ended in the green today after ending in red yesterday. That is, it was up by 0.56% today and saw a 214.33 point increase Accordingly, on 21 August it ended at 38,434.72 at 3:40 PM IST. Similarly, the NIFTY saw a rise of 59.40 points or 0.53% and ended at 11,371.60. The HDFC twins, Axis Bank and Asian paints were some top gainers in the market today. 11 out of the 30 shares closed in red at the end of the day.

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