{"id":11735,"date":"2020-07-20T21:54:00","date_gmt":"2020-07-20T16:24:00","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=11735"},"modified":"2020-07-21T19:09:26","modified_gmt":"2020-07-21T13:39:26","slug":"usd-inr-rupee-surges-against-the-us-dollar","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/usd-inr-rupee-surges-against-the-us-dollar\/","title":{"rendered":"USD\/INR: Rupee Surges Against the US Dollar"},"content":{"rendered":"\n<p>Last week, the Rupee settled at <a href=\"https:\/\/www.grainmart.in\/news\/inr-usd-rupee-value-rises-marginally\/\">75.02<\/a>. Today, there was an 11 paise appreciation in the value of the Rupee, and it finally settled at 74.91.&nbsp;The strong domestic equity market and a slight weakening of the American dollar could be the possible reasons for the current USD\/INR values.&nbsp;Though the Rupee has seen gains, investors fear that the rising <a href=\"https:\/\/www.grainmart.in\/news\/coronavirus-covd-19-live-cases-tracker-john-hopkins\/\">COVID cases<\/a> are still a cause of concern.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">USD\/INR- <strong>Oil Prices Drop<\/strong><\/h4>\n\n\n\n<p>Brent crude oil decreased by 0.8% and stood at USD 42.78 per barrel at 06.53 GMT.&nbsp;WTI crude oil declined by 34 cents and stood at USD 40.25 per barrel.&nbsp;The growing number of cases might cause countries to slow down economic reopening.&nbsp;Therefore, the <a href=\"https:\/\/www.grainmart.in\/news\/basmati-rice-market-grows-with-surge-in-export-demand\/\">demand<\/a> for crude oil will take a hit. Also, increase concerns among oil producers that this could derail the recovery of the oil market.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">USD\/INR- <strong>Gold Prices Decline as Rupee Strengthens<\/strong><\/h4>\n\n\n\n<p>Gold futures decreased by Rs. 61 and stood at Rs. 48,906 per 10 grams.&nbsp; According to HDFC Securities, there was a 271 rupee fall in gold rate in New Delhi and reached Rs. 49,729 per 10 grams.&nbsp;Despite surging <a href=\"https:\/\/covid19.who.int\/\">Coronavirus cases<\/a>, gold continues to remain the haven metal for investors.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">USD\/INR- <strong>Sensex Today<\/strong><\/h4>\n\n\n\n<p>The Sensex ended 398.85 points higher at 37,418.99 today.\u00a0Wipro and Infosys were the top gainers today.\u00a0Both the NIFTY and Sensex earnings have been positive despite the spike in Coronavirus cases.\u00a0Consequently, Nifty 50 ended 126 points higher at 11027.70 (up by 1.16%). The IT and banking sector have been the major contributors to this positive trend. <\/p>\n\n\n\n<p>Britannia Industries, Bajaj Finance, HCL Tech, and UPL were the top gainers on the Nifty 50. While, Sun Pharma, Cipla, BPCL, declined on NIfty 50. On the other hand, on the Sensex, HCL Tech, Bajaj Finance, Bajaj Financial services were among the top gainers. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/ INR- Rupee value rises aganist the US dollar. The crude oil prices decreases along with decrease in gold rate. Sensex ended on a high note at 37418.99.<\/p>\n","protected":false},"author":518,"featured_media":5001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15549],"tags":[8273,1700,9860,11762,12736,20255,16976,16141,16616,15914,17661,22142,11479,21649,78,16469,13044,15710,1410,16931],"class_list":["post-11735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-banking-sector","tag-brent-crude","tag-coronavirus","tag-covid-19","tag-dollar","tag-economic-recovery","tag-gold-futures","tag-gold-prices","tag-gold-safe-haven","tag-indian-rupee","tag-metal","tag-oil-producers","tag-rupee","tag-rupee-value","tag-sensex","tag-sensex-and-nifty","tag-us-dollar","tag-usd-inr-3","tag-usd-inr-2","tag-wti-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: Rupee Surges Against the US Dollar - Grainmart News<\/title>\n<meta name=\"description\" content=\"USD\/ INR- Rupee value rises aganist the US dollar. 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Sensex ended on a high note at 37418.99.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grainmart.in\/news\/usd-inr-rupee-surges-against-the-us-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"Grainmart News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grainmart.in\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-20T16:24:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-21T13:39:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/04\/USDINR-Grainmart.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"679\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gayathri Arvind\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:site\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gayathri Arvind\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/\"},\"author\":{\"name\":\"Gayathri Arvind\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#\\\/schema\\\/person\\\/8d59d9bf4eefbc1522052358979cf391\"},\"headline\":\"USD\\\/INR: Rupee Surges Against the US Dollar\",\"datePublished\":\"2020-07-20T16:24:00+00:00\",\"dateModified\":\"2020-07-21T13:39:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/\"},\"wordCount\":302,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/USDINR-Grainmart.jpg\",\"keywords\":[\"banking sector\",\"brent crude\",\"coronavirus\",\"COVID-19\",\"Dollar\",\"economic recovery\",\"gold futures\",\"gold prices\",\"gold safe haven\",\"INDIAN RUPEE\",\"metal\",\"oil producers\",\"Rupee\",\"rupee value\",\"sensex\",\"sensex and nifty\",\"US dollar\",\"usd inr\",\"usd\\\/inr\",\"wti crude\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/\",\"url\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/\",\"name\":\"USD\\\/INR: Rupee Surges Against the US Dollar - Grainmart News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/usd-inr-rupee-surges-against-the-us-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.grainmart.in\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/USDINR-Grainmart.jpg\",\"datePublished\":\"2020-07-20T16:24:00+00:00\",\"dateModified\":\"2020-07-21T13:39:26+00:00\",\"description\":\"USD\\\/ INR- Rupee value rises aganist the US dollar. 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