USD / INR: Indian Rupee Forex Report October 29

USD / INR- Indian currency closes near 75 due to inflation concerns. As a result, it stood at 74.94 on October 29. The Indian Rupee was trading between 74.740 and 75.003 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 93.75 at 6:25 p.m. EDT on Friday.

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 fell 1.33% at 6:40 p.m. on October 29 to trade at $ 81.71 per barrel globally. On the other hand, Brent Crude was pegged at $ 84.03 per barrel and traded at 0.34% lower.

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 0.89% or ??429.00 moved to ?? 47532.00 per 10 grams on the multi-product purse. In contrast, silver futures fell by ?? 520.00 or 0.80% to be paid at ?? 64578.00 kg. Fear of the emergence of the third wave of the COVID-19 pandemic and COVID-19 mutants have kept precious metal prices on the rise this year. In the international market, Spot Gold was trading at $ 1,795 an ounce in New York City. In contrast, silver was trading at $ 23.89 an ounce.

USD / INR- Sensex today

The BSE Sensex fell and finished in the red on October 29 for the third day in a row. As a result, Sensex was down 1.13% or 677.77 points. So ending the session at 59306.93 at 4:10 p.m. IST Friday. On the other hand, the NIFTY also fell by 1.04% or 185.60 points and finished at 17,671.65.

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