Currency & Commodity Briefing
Daily USD/INR, gold, silver, crude oil and natural-gas outlook for Indian traders, importers and exporters.
The dashboard reflects USD/INR +0.21%, Gold +0.44%, Silver +0.51%, Brent -0.66%, WTI -1.72%, Nat Gas -3.21%.
- Prev close
- 95.74
- Day high
- —
- Day low
- —
- Source
- NSE / Upstox
- MCX Gold ₹/10g
- 1,50,841
- MCX change %
- -0.30%
- Prev close
- 4,298.00
- Source
- Yahoo / Upstox
- MCX Silver ₹/kg
- 2,33,905
- MCX change %
- -0.84%
- Gold/Silver
- 67.11
- Source
- Yahoo / Upstox
- WTI
- 92.98
- MCX ₹/bbl
- 9,159
- Brent-WTI
- 12.92
- Source
- Yahoo / Upstox
- MCX ₹/MMBtu
- 313.1
- MCX change %
- -1.07%
- Prev close
- 3.37
- Source
- Yahoo / Upstox
Cross pairs
Importer & exporter impact
- USD payment cost
- mildly adverse
- Crude / energy cost
- supportive
- Bullion procurement
- mildly adverse
- Nat-gas cost
- supportive
A ₹0.10 change in USD/INR alters a USD 1,00,000 payment by ≈ ₹10,000 before bank spreads and charges.
- USD realisation
- mildly supportive
- EUR realisation
- neutral
- GBP realisation
- mildly adverse
Impact reflects USD/INR direction and EUR/USD, GBP/USD cross moves. Not a hedging recommendation.
| Business type | Relevant instruments | Today's sensitivity |
|---|---|---|
| Oil importers | Brent, WTI, USD/INR | supportive |
| Airlines | Crude oil, USD/INR | supportive |
| Paint companies | Crude derivatives, USD/INR | supportive |
| Jewellers | Gold, Silver, USD/INR | mildly adverse |
| Fertiliser companies | Natural gas, USD/INR | supportive |
| IT exporters | USD/INR | mildly supportive |
| Textile exporters | USD/INR, EUR/USD | mildly supportive |
| Metal users | Silver, USD/INR | mildly adverse |
USD / INR — detailed analysis
Near-month future- Price
- 95.9450
- Change
- 0.2038
- % change
- 0.21%
- Prev close
- 95.7412
- Source
- NSE / Upstox
- USD/INR is trading higher at 95.945 (+0.21%).
- Brent crude is lower; softer crude prices are broadly rupee-supportive.
- Prev high
- 96.15
- Prev low
- 95.54
- Prev close
- 95.74
- Pivot
- 95.81
- S1
- 95.47
- S2
- 95.20
- R1
- 96.08
- R2
- 96.42
Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.
Gold — detailed analysis
Gold/Silver ratio: 67.11- International
- 4,317.00
- % change (intl)
- 0.44%
- MCX Gold ₹/10g
- 1,50,841
- MCX % change
- -0.30%
- Prev close
- 4,298.00
- MCX Gold Mini
- 1,50,717
- Source
- Yahoo / Upstox
- International price is higher at 4317.0 (+0.44%).
- MCX price is lower (-0.30%) — the MCX contract is trading at a discount to the international basis.
- A higher rupee (+0.21%) is supporting the rupee-denominated MCX print.
- International
- ▲ 0.44%
- USD/INR contribution
- ▲ 0.21%
- Residual (basis / timing)
- ▼ -0.96%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 4,336.00
- Prev low
- 4,279.00
- Prev close
- 4,298.00
- Pivot
- 4,304.33
- S1
- 4,272.67
- S2
- 4,247.33
- R1
- 4,329.67
- R2
- 4,361.33
Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.
Silver — detailed analysis
Gold/Silver ratio: 67.11- International
- 64.33
- % change (intl)
- 0.51%
- MCX Silver ₹/kg
- 2,33,905
- MCX % change
- -0.84%
- Prev close
- 64.00
- MCX Silver Mini
- 2,35,956
- Source
- Yahoo / Upstox
- International price is higher at 64.33 (+0.51%).
- MCX price is lower (-0.84%) — the MCX contract is trading at a discount to the international basis.
- A higher rupee (+0.21%) is supporting the rupee-denominated MCX print.
- International
- ▲ 0.51%
- USD/INR contribution
- ▲ 0.21%
- Residual (basis / timing)
- ▼ -1.57%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 64.66
- Prev low
- 63.67
- Prev close
- 64.00
- Pivot
- 64.11
- S1
- 63.56
- S2
- 63.12
- R1
- 64.55
- R2
- 65.10
Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.
Crude oil — detailed analysis
Brent-WTI spread: 12.92 USD/bbl- Brent
- 105.90
- Brent % change
- -0.66%
- WTI
- 92.98
- MCX Crude ₹/bbl
- 9,159
- Prev close (Brent)
- 106.60
- MCX % change
- -0.09%
- Source
- Yahoo / Upstox
- Brent is lower at 105.9 USD/bbl (-0.66%).
- WTI is lower (-1.72%), Brent-WTI spread at +12.92 USD/bbl.
- MCX Crude is lower (-0.09%) — rupee move (USD/INR +0.21%) contributes to the local print.
- International
- ▼ -0.66%
- USD/INR contribution
- ▲ 0.21%
- Residual (basis / timing)
- ▲ 0.36%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 107.30
- Prev low
- 105.20
- Prev close
- 106.60
- Pivot
- 106.37
- S1
- 105.43
- S2
- 104.27
- R1
- 107.53
- R2
- 108.47
Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.
Natural gas — detailed analysis
Henry Hub vs MCX- Henry Hub
- 3.260
- % change (intl)
- -3.21%
- MCX ₹/MMBtu
- 313.1
- MCX % change
- -1.07%
- Prev close (HH)
- 3.370
- Source
- Yahoo / Upstox
- Henry Hub natural gas is lower at 3.26 USD/MMBtu (-3.21%).
- MCX Natural Gas is lower (-1.07%).
- USD/INR +0.21% is a supportive tailwind for the rupee-denominated contract.
- International
- ▼ -3.21%
- USD/INR contribution
- ▲ 0.21%
- Residual (basis / timing)
- ▲ 1.92%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 3.48
- Prev low
- 3.15
- Prev close
- 3.37
- Pivot
- 3.33
- S1
- 3.19
- S2
- 3.00
- R1
- 3.52
- R2
- 3.66
Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.
Currency movement impact calculator
Illustrative only. Excludes bank spreads, forward premia, taxes and transaction charges. Not a hedging recommendation.
- At current rate
- ₹95,94,500
- At comparison rate
- ₹96,44,500
- Additional cost
- +₹50,000
- Per ₹0.10 move
- ₹10,000
- Per 1% move
- ₹95,945
Economic & event calendar
- 23:30US US Non-Farm Payrolls (Sep)GoldSilverUSD/INR
- 23:30US US CPI (Sep)GoldSilverUSD/INR
- 23:30US FOMC Rate Decision + Powell PresserAll marketsGoldSilver
- 23:30US US Non-Farm Payrolls (Oct)GoldSilverUSD/INR
Key currency & commodity news
- Currency25 Sept 2026, 7:34 am ISTGold heads for weekly decline as dollar firms, Fed rate outlook weighs
On Friday, gold prices experienced a drop, marking a downward trend for the week due to a robust dollar and ongoing forecasts of elevated interest rates. Spot gold fell by 0.2%, while US gold futures saw a slight uptick. Officials from the Fed suggested that interest rate hikes m
Economic Times - Energy25 Sept 2026, 7:37 am ISTOil Price Today (September 25): Crude oil slips to $105 as truce hopes clash with Middle East attacks. What’s next?
US and Iranian negotiators in New York are discussing a phased route out of the war that would see Tehran reopen the Strait of Hormuz and Washington lift its economic blockade of Iran, according to multiple reports.
Economic Times - Energy25 Sept 2026, 7:30 am ISTOil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities
On Friday, oil prices took a small dip after a week marked by fluctuations. Brent crude prices lowered to $105.85 per barrel, while West Texas Intermediate decreased to $93.80 per barrel. This decrease aligns with US and Iranian discussions regarding a ceasefire amidst ongoing mi
Economic Times - Energy24 Sept 2026, 9:42 pm ISTUS mortgage rates breach 7% as affordability pressures mount
Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near
Financial Times - Energy25 Sept 2026, 3:27 am ISTShale oil magnate says Exxon chief ‘threw me under the bus’ after $60bn takeover
Scott Sheffield says supermajor launched ‘smear campaign’ to stop him joining company’s board
Financial Times - Economic Data25 Sept 2026, 7:28 am ISTWhy bond yields are rising and why everyone should care
The bond market has witnessed unprecedented yield levels, peaking at heights not seen in two decades, leading to increased borrowing costs for individuals and businesses alike. Rising inflation plays a pivotal role as U.S. Treasury yields climb, pushing mortgage rates upward for
Economic Times
Five things to know in currency & commodities today
- 1Gold heads for weekly decline as dollar firms, Fed rate outlook weighs
On Friday, gold prices experienced a drop, marking a downward trend for the week due to a robust dollar and ongoing forecasts of elevated interest rates. Spot gold fell by 0.2%, while US gold futures saw a slight uptick. Officials from the Fed suggested that interest rate hikes m
Economic Times · 25 Sept 2026, 7:34 am IST - 2Oil Price Today (September 25): Crude oil slips to $105 as truce hopes clash with Middle East attacks. What’s next?
US and Iranian negotiators in New York are discussing a phased route out of the war that would see Tehran reopen the Strait of Hormuz and Washington lift its economic blockade of Iran, according to multiple reports.
Economic Times · 25 Sept 2026, 7:37 am IST - 3Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities
On Friday, oil prices took a small dip after a week marked by fluctuations. Brent crude prices lowered to $105.85 per barrel, while West Texas Intermediate decreased to $93.80 per barrel. This decrease aligns with US and Iranian discussions regarding a ceasefire amidst ongoing mi
Economic Times · 25 Sept 2026, 7:30 am IST - 4US mortgage rates breach 7% as affordability pressures mount
Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near
Financial Times · 24 Sept 2026, 9:42 pm IST - 5Shale oil magnate says Exxon chief ‘threw me under the bus’ after $60bn takeover
Scott Sheffield says supermajor launched ‘smear campaign’ to stop him joining company’s board
Financial Times · 25 Sept 2026, 3:27 am IST
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