USD/INR- Rupee value was at 73.255 as of 9:50 PM IST against US Dollar on Tuesday. Yesterday, Indian rupee value reached the highest of 73.465 and the lowest at 73.195. Simultaneously, the dollar index dropped by 0.19% or 0.18 points and was at 93.35. Brexit, US politics, relief stimulus, and Coronavirus pandemic remains in the spotlight.
USD/ INR: Oil Prices
The US WTI crude rose by 1.77% that is 0.71 points at 9:45 PM and settled at USD 40.91 per barrel on Wednesday. Subsequently, the Brent Crude increased by 1.70% or 0.72 points and was at USD 43.17 per barrel at 10:05 PM. The COVID-19 treatment and vaccine trails rattle the markets on Wednesday. Investors suggest that the development of a vaccine would aid in global economic recovery.
USD/ INR- Gold Prices
Gold futures rose yesterday following the day before’s downfall. That is, December gold futures increased by 0.46% or 230.00 points to Rs. 50478.0 per 10 grams on the multi-commodity exchange. At the same time, following the trend on 14 October Silver futures rose by 807.00 Rupees or 1.33% to Rs. 61349.00 per kg. Subsequently, in the international market, Gold traded at USD 1900 per ounce, and silver was trading at USD 24.38 per ounce. With uncertainty regarding the US elections and the weakening US Dollar increased Gold’s allure among the investors.
USD/ INR- Sensex on 14 October
Sensex continues its positive streak by ending in green on Wednesday. Accordingly, it rose by 0.42% and saw a 169.23 point increase. Finally ending the session at 40794.74 at 6:00 PM IST on 14 October. Likewise, the NIFTY also gained by 0.31% or 36.55 points and ended the day at 11971.05. Bharti Infratel, Bajaj Finserv, Info Edge were among the top gainers. On the other hand, Wipro, NTPC, ONGC were among the top losers on 14 October.