USD / INR- Indian currency is falling sharply due to the surge in crude oil. Despite the depreciation, it remains defensive, remaining close to 74. As a result, it stood at 74.32 on 04 October. The Indian Rupee was trading between 74.120 and 74.423 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 fell today. As a result, its value fell and stood at 93.95 at 4:55 p.m. EDT on Monday.
USD / INR: Oil price
US WTI crude oil prices are very volatile. Moreover, with the continuing concern over the demand for oil and the growing coronavirus pandemic, it is highly uncertain. In addition, recent studies predict that demand for oil will not reach pre-crisis levels until 2023. In addition, studies and experts suggest that carbon trading could take over and grow 10 times more than the world crude oil market. The recent news is that oil prices are now climbing to a high level due to the huge drawdown in crude inventories. As a result, crude oil rose 0.08% at 4:55 p.m. on October 4 to trade at $ 75.94 per barrel globally. On the other hand, Brent Crude was pegged at $ 79.43 per barrel and traded at a higher rate of 0.19%.
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 increased 8 times as prices fell in September. As a result, gold futures fell 0.41% or ?? 192.00 to settle at ?? 46,286.00 per 10 grams on the multi-product purse. At the same time, silver futures fell by ?? 750.00 or 2.60% to be paid at ?? 60266.00 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 $ 1,761 an ounce in New York City. In contrast, silver was trading at $ 22.42 an ounce.
USD / INR- Sensex today
The ESB Sensex went up and finished in the green on 04 October. As a result, Sensex increased by 0.91% or 533.74 points. So ending the session at 59.299.32 at 4:10 p.m. IST Monday. On the other hand, the NIFTY also rose 0.91% or 159.20 points and finished at 17,691.25.