{"id":11843,"date":"2020-07-23T20:07:38","date_gmt":"2020-07-23T14:37:38","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=11843"},"modified":"2020-07-23T20:07:38","modified_gmt":"2020-07-23T14:37:38","slug":"usd-inr-decrease-in-value-of-rupee","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/usd-inr-decrease-in-value-of-rupee\/","title":{"rendered":"USD\/ INR: Decrease in Value of Rupee"},"content":{"rendered":"\n<p>USD\/INR- Following the <a href=\"https:\/\/www.grainmart.in\/news\/usd-inr-rupee-further-strengthens-by-15-paise\/\">gains in the past<\/a> few days, the rupee value depreciated against the US Dollar today.\u00a0It saw a decrease of 27 paise and was at 74.87 as of 7 PM IST. The domestic equities weakened after the Chinese consulate in Houston abruptly closed amidst rising tensions between the <a href=\"https:\/\/www.grainmart.in\/news\/china-confirms-purchase-of-corn-and-soybeans-from-the-usa\/\">US and China<\/a>. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">USD\/ INR- Oil Prices Rise as Dollar Weakens<\/h4>\n\n\n\n<p>Oil prices rose as the dollar weakened, but the increasing inventoried in the US and the spike in the number of <a href=\"https:\/\/www.who.int\/emergencies\/diseases\/novel-coronavirus-2019\">COVID-19 <\/a>cases still kept producers on edge. Adding to this unrest, the rising tensions between the United States and China has worried the producers. Today, the Brent futures increased by 0.8% and ended the day at USD 44.64 by 08:37 GMT. On the other hand, WTI crude also reduced by 0.8% and was at USD 42.22.\u00a0<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">USD\/ INR- <strong>Gold and Silver Pric<\/strong>es Increases Today as Well  <\/h4>\n\n\n\n<p>Gold has been the go-to asset for investors when everything else seems volatile. Currently, the surging number of <a href=\"https:\/\/www.grainmart.in\/news\/coronavirus-covd-19-live-cases-tracker-john-hopkins\/\">coronavirus cases<\/a>, US-China tensions, volatility in the <a href=\"https:\/\/www.grainmart.in\/news\/msmes-reach-global-markets-through-online-platforms\/\">global markets<\/a>, the expectation of more stimulus packages and the &#8220;safe haven&#8221; asset appeal has pushed gold prices to record highs.\u00a0On the multi-commodity exchange, the August gold futures rose by 1% to end at Rs. 50,707 per 10 grams. In the international market, spot gold traded higher at USD 1,875 per ounce. <\/p>\n\n\n\n<p>Silver futures also increased by 0.47% to Rs. 62,200 per kg. This is the highest it has been in the past seven years. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">USD\/ INR- <strong>Sensex Today<\/strong><\/h4>\n\n\n\n<p>The Indian equity market gained today after a day in the red. There was a 268.95 points rise in the Sensex, and it was at 38,140.47 by 3:40 PM IST.\u00a0Likewise, Nifty also saw an increase of 82.85 points and settled at 11,215.45. Energy and pharma shares performed well for the second consecutive day. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/ INR- Indian Rupee decreases against the US dollar. Crude oil , gold and silver price increased today. Sensex and Nifty ended high.<\/p>\n","protected":false},"author":518,"featured_media":9685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15549],"tags":[22214,1700,22298,9860,20463,16975,76,18267,22266,17660,19283,22299,3272,17533,15914,9738,12377,17661,22267,19270,17039,11479,21862,15589,17562,18377,13044,1511,21859,15710,73,16931],"class_list":["post-11843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-august-gold-futures","tag-brent-crude","tag-china-consulate","tag-coronavirus","tag-covid-vaccine","tag-crude-futures","tag-crude-oil","tag-economic-stimulus-package","tag-economy-activity-boost","tag-energy","tag-equity-market","tag-houston","tag-india","tag-indian-equity-market","tag-indian-rupee","tag-international-market","tag-it","tag-metal","tag-multi-commodity-exchange","tag-nifty50","tag-pharma","tag-rupee","tag-sensex-index","tag-silver","tag-spot-gold","tag-us-and-china","tag-us-dollar","tag-us-dollar-index","tag-us-inventories","tag-usd-inr-3","tag-usd-inr","tag-wti-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/ INR: Decrease in Value of Rupee - Grainmart News<\/title>\n<meta name=\"description\" content=\"USD\/ INR- Indian Rupee decreases against the US dollar. 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