USD / INR: Indian Rupee Forex Report October 26
USD / INR- Indian currency closes near 75 due to inflation concerns. As a result, it stood at 74.96 on October 26. The Indian Rupee traded between 74.862 and 75.170 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 increased and settled at 9:30 p.m. to 5:55 p.m. EDT on Tuesday.
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, oil price forecasts are 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 0.57% at 5:58 p.m. on October 26 to trade at $ 84.24 a barrel globally. On the other hand, Brent Crude was pegged at $ 86.28 per barrel and traded at a rate 0.29% higher.
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. As a result, gold futures fell 0.54% or ??258.00 to be paid at ?? 47942.00 per 10 grams on the multi-product purse. At the same time, silver futures fell by ?? 608.00 or 0.92% to be paid at ?? 65531.00 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 BSE Sensex fell and finished in the red on October 25. As a result, Sensex increased 0.63% or 383.31 points. So the session ends at 61350.26 at 4:10 p.m. IST Tuesday. On the other hand, the NIFTY also rose 0.79% or 143.00 points and finished at 18,286.40.