USD / INR – The value of the Indian rupee has been rising slowly but steadily since mid-April. It is currently trading in a range of 73. Accordingly, it closed at 73.90 on April 3. Despite the ongoing COVID-19 crisis, the Indian currency is strengthening against the US dollar. The Indian rupee was trading between 73.906 and 74.820 today. On the other hand, the dollar index rose today. Accordingly, its value rose to 91.08 at 21:47 ET Monday.
USD / INR: Oil prices
US WTI crude prices started on a positive note this month. However, given the ongoing concerns about oil demand and the growing coronavirus pandemic, this is highly uncertain. In addition, recent studies predict that oil demand will not reach pre-crisis levels until 2023. Accordingly, crude oil rose 0.22% at 8:05 pm on May 3 to $ 64.63 a barrel globally. At the same time, the price of Brent Crude oil was set at $ 67.71 per barrel and traded at a rate 0.22% higher.
USD / INR- Gold Prices
Precious metals prices rose amid a sharp rise in the number of COVID19 cases in India. Accordingly, gold futures rose 1.26% or Rs 588.00 and settled at 47325.00 per 10 grams on the multi-commodity exchange. Likewise, silver futures were up Rs 2,328.00 or 3.45% to Rs. 69852.00 per kg. The resurgence of the COVID-19 pandemic and COVID-19 mutants has kept precious metals prices high this year. On the international spot gold market traded at $ 1,755.00 an ounce in New York. On the other hand, silver was trading at $ 26.00 an ounce.
USD / INR- Sensex today
The BSE Sensex Index fell and closed in the red on May 3. Accordingly, Sensex dropped 0.13% or 63.84 points. Thus, the session ends at 48718.52 on Monday at 4:10 pm IST. Likewise, NIFTY rose 0.02%, or 3.05, to 14634.15.