Currency & Commodity Briefing
Daily USD/INR, gold, silver, crude oil and natural-gas outlook for Indian traders, importers and exporters.
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The dashboard reflects USD/INR +0.01%, Gold +0.37%, Silver -0.53%, Brent -0.40%, WTI -0.68%, Nat Gas -1.49%.
- Prev close
- 94.73
- Day high
- —
- Day low
- —
- Source
- NSE / Upstox
- MCX Gold ₹/10g
- 1,39,433
- MCX change %
- -0.54%
- Prev close
- 3,940.40
- Source
- Yahoo / Upstox
- MCX Silver ₹/kg
- 1,79,891
- MCX change %
- 0.11%
- Gold/Silver
- 79.92
- Source
- Yahoo / Upstox
- WTI
- 95.44
- MCX ₹/bbl
- 9,110
- Brent-WTI
- 7.75
- Source
- Yahoo / Upstox
- MCX ₹/MMBtu
- 274.4
- MCX change %
- 0.62%
- Prev close
- 2.90
- Source
- Yahoo / Upstox
Cross pairs
Importer & exporter impact
- USD payment cost
- neutral
- Crude / energy cost
- mildly 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
- neutral
- EUR realisation
- supportive
- GBP realisation
- mildly supportive
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 | mildly supportive |
| Airlines | Crude oil, USD/INR | mildly supportive |
| Paint companies | Crude derivatives, USD/INR | mildly supportive |
| Jewellers | Gold, Silver, USD/INR | mildly adverse |
| Fertiliser companies | Natural gas, USD/INR | supportive |
| IT exporters | USD/INR | neutral |
| Textile exporters | USD/INR, EUR/USD | supportive |
| Metal users | Silver, USD/INR | mildly adverse |
USD / INR — detailed analysis
Near-month future- Price
- 94.7300
- Change
- 0.0046
- % change
- 0.01%
- Prev close
- 94.7254
- Source
- NSE / Upstox
- USD/INR is trading higher at 94.73 (+0.01%).
- Brent crude is lower; crude oil is broadly steady, limiting its impact on the rupee.
- Prev high
- 94.73
- Prev low
- 94.72
- Prev close
- 94.73
- Pivot
- 94.73
- S1
- 94.72
- S2
- 94.71
- R1
- 94.73
- R2
- 94.74
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: 79.92- International
- 3,955.10
- % change (intl)
- 0.37%
- MCX Gold ₹/10g
- 1,39,433
- MCX % change
- -0.54%
- Prev close
- 3,940.40
- MCX Gold Mini
- 1,38,050
- Source
- Yahoo / Upstox
- International price is higher at 3955.1 (+0.37%).
- MCX price is lower (-0.54%) — the MCX contract is trading at a discount to the international basis.
- International
- ▲ 0.37%
- USD/INR contribution
- ▲ 0.01%
- Residual (basis / timing)
- ▼ -0.92%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 3,969.80
- Prev low
- 3,925.70
- Prev close
- 3,940.40
- Pivot
- 3,945.30
- S1
- 3,920.80
- S2
- 3,901.20
- R1
- 3,964.90
- R2
- 3,989.40
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: 79.92- International
- 49.49
- % change (intl)
- -0.53%
- MCX Silver ₹/kg
- 1,79,891
- MCX % change
- 0.11%
- Prev close
- 49.75
- MCX Silver Mini
- 1,81,650
- Source
- Yahoo / Upstox
- International price is lower at 49.49 (-0.53%).
- MCX price is higher (+0.11%) — the MCX contract is trading at a premium to the international basis.
- International
- ▼ -0.53%
- USD/INR contribution
- ▲ 0.01%
- Residual (basis / timing)
- ▲ 0.63%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 50.01
- Prev low
- 49.23
- Prev close
- 49.75
- Pivot
- 49.66
- S1
- 49.32
- S2
- 48.88
- R1
- 50.10
- R2
- 50.44
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: 7.75 USD/bbl- Brent
- 103.19
- Brent % change
- -0.40%
- WTI
- 95.44
- MCX Crude ₹/bbl
- 9,110
- Prev close (Brent)
- 103.60
- MCX % change
- 0.42%
- Source
- Yahoo / Upstox
- Brent is lower at 103.19 USD/bbl (-0.40%).
- WTI is lower (-0.68%), Brent-WTI spread at +7.75 USD/bbl.
- MCX Crude is higher (+0.42%) — rupee move (USD/INR +0.01%) contributes to the local print.
- International
- ▼ -0.40%
- USD/INR contribution
- ▲ 0.01%
- Residual (basis / timing)
- ▲ 0.81%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 104.01
- Prev low
- 102.78
- Prev close
- 103.60
- Pivot
- 103.46
- S1
- 102.92
- S2
- 102.23
- R1
- 104.15
- R2
- 104.69
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
- 2.850
- % change (intl)
- -1.49%
- MCX ₹/MMBtu
- 274.4
- MCX % change
- 0.62%
- Prev close (HH)
- 2.900
- Source
- Yahoo / Upstox
- Henry Hub natural gas is lower at 2.85 USD/MMBtu (-1.49%).
- MCX Natural Gas is higher (+0.62%).
- International
- ▼ -1.49%
- USD/INR contribution
- ▲ 0.01%
- Residual (basis / timing)
- ▲ 2.10%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 2.95
- Prev low
- 2.80
- Prev close
- 2.90
- Pivot
- 2.88
- S1
- 2.82
- S2
- 2.73
- R1
- 2.97
- R2
- 3.03
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
- ₹94,73,000
- At comparison rate
- ₹95,23,000
- Additional cost
- +₹50,000
- Per ₹0.10 move
- ₹10,000
- Per 1% move
- ₹94,730
Economic & event calendar
- 23:30US FOMC Rate Decision + Powell PresserAll marketsGoldSilver
- 23:30US US Non-Farm Payrolls (Oct)GoldSilverUSD/INR
- 23:30US US CPI (Oct)GoldSilverUSD/INR
- 23:30US US Non-Farm Payrolls (Nov)GoldSilverUSD/INR
- 23:30US US CPI (Nov)GoldSilverUSD/INR
- 23:30US FOMC Rate Decision + Powell Presser (SEP)All marketsGoldSilver
- Bullion4 Nov 2026, 7:30 am ISTGold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midter
Economic Times - Currency4 Nov 2026, 7:33 am ISTDollar dips with US midterm results in focus
The dollar lost ground against key international currencies as investors anticipated Democratic victories in the upcoming US midterm elections. With Democratic Senator Jon Ossoff's reelection in Georgia as a noteworthy milestone, analysts suggest a potential Democratic majority i
Economic Times - Economic Data4 Nov 2026, 7:18 am ISTHappiest minds Q2 net profit rises 15% as AI uncertainty weighs
Happiest Minds Technologies reported a 15.1% increase in net profit for the September quarter compared to the previous year. While revenue grew by 12.5% year-on-year, it reflects ongoing concerns over client decision-making related to artificial intelligence. The company’s managi
Economic Times
Five things to know in currency & commodities today
- 1Gold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midter
Economic Times · 4 Nov 2026, 7:30 am IST - 2Dollar dips with US midterm results in focus
The dollar lost ground against key international currencies as investors anticipated Democratic victories in the upcoming US midterm elections. With Democratic Senator Jon Ossoff's reelection in Georgia as a noteworthy milestone, analysts suggest a potential Democratic majority i
Economic Times · 4 Nov 2026, 7:33 am IST - 3Happiest minds Q2 net profit rises 15% as AI uncertainty weighs
Happiest Minds Technologies reported a 15.1% increase in net profit for the September quarter compared to the previous year. While revenue grew by 12.5% year-on-year, it reflects ongoing concerns over client decision-making related to artificial intelligence. The company’s managi
Economic Times · 4 Nov 2026, 7:18 am IST
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