USD / INR: Indian Rupee Forex Report As of November 01
USD / INR- Indian currency closes near 75 due to inflation concerns, however, it does not go above 75 despite the pre-fueled issues. As a result, it stood at 74.86 on November 1. The Indian Rupee traded between 74.821 and 74.910 today. Now, the influx of dollars and the intervention of the RBI are weakening the uptrend of the USD / INR. In contrast, the dollar index rose today. As a result, its value increased and stood at 93.92 at 6:25 p.m. EDT on Monday.
The price of gasoline in India is increasing sharply, as of now it stands at ?? 110 / liter in Delhi after increasing for the seventh day in a row.
USD / INR: Oil price
US WTI crude oil prices are very volatile. Oil refiners are beginning to contend with margins affected by record natural gas prices in Europe and Asia. In addition, oil demand forecasts are falling flat as demand continues to grow. As a result, the forecast for oil prices is very uncertain today. The latest news is that oil prices are expected to rise at a high level due to the huge drawdown in crude inventories. As a result, crude oil rose 0.03% at 7:40 p.m. on November 1 to trade at $ 84.05 a barrel globally. On the other hand, Brent Crude was pegged at $ 84.82 per barrel and traded at a higher rate of 0.13%.
USD / INR- Gold Price
Precious metal prices are slowing their rebound in India, they are very volatile and are trying to regain their momentum. The import of gold into India has increased 8 times. On Monday, gold futures fell 0.15% or ??73.00 moved to ?? 47830.00 per 10 grams on the multi-product purse. At the same time, silver futures fell by ?? 113.00 or 0.17% to be paid at ?? 64834.00 kg. Fear of the emergence of the third wave of the COVID-19 pandemic and COVID-19 mutants has kept precious metal prices on the rise this year. In the international market, Spot Gold was trading at $ 1,783 an ounce in New York City. In contrast, silver was trading at $ 23.75 an ounce.
USD / INR- Sensex today
BSE Sensex rose and finished in the green on November 1 after falling for three consecutive days last week. As a result, Sensex increased 0.12% or 71.41 points. Thus, ending the session at 60209.87 at 4:10 p.m. IST Monday. On the other hand, the NIFTY also fell 0.16% or 27.95 points and finished at 17,956.85.