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 -1.30%, Gold +3.97%, Silver +2.70%, Brent +0.57%, WTI +1.19%, Nat Gas -0.85%.
- Prev close
- 96.26
- Day high
- —
- Day low
- —
- Source
- NSE / Upstox
- MCX Gold ₹/10g
- 1,48,650
- MCX change %
- 0.11%
- Prev close
- 4,186.60
- Source
- Yahoo / Upstox
- MCX Silver ₹/kg
- 2,27,590
- MCX change %
- 2.70%
- Gold/Silver
- 69.45
- Source
- Yahoo / Upstox
- WTI
- 75.47
- MCX ₹/bbl
- 7,125
- Brent-WTI
- 4.43
- Source
- Yahoo / Upstox
- MCX ₹/MMBtu
- 256.9
- MCX change %
- 0.39%
- Prev close
- 2.70
- Source
- Yahoo / Upstox
Cross pairs
Importer & exporter impact
- USD payment cost
- supportive
- Crude / energy cost
- adverse
- Bullion procurement
- 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
- adverse
- EUR realisation
- neutral
- GBP realisation
- neutral
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 | adverse |
| Airlines | Crude oil, USD/INR | adverse |
| Paint companies | Crude derivatives, USD/INR | adverse |
| Jewellers | Gold, Silver, USD/INR | adverse |
| Fertiliser companies | Natural gas, USD/INR | supportive |
| IT exporters | USD/INR | adverse |
| Textile exporters | USD/INR, EUR/USD | adverse |
| Metal users | Silver, USD/INR | adverse |
USD / INR — detailed analysis
Near-month future- Price
- 95.0100
- Change
- -1.2500
- % change
- -1.30%
- Prev close
- 96.2600
- Source
- NSE / Upstox
- USD/INR is trading lower at 95.01 (-1.30%).
- Brent crude is higher; elevated crude prices weigh on the rupee.
- Prev high
- 97.51
- Prev low
- 93.76
- Prev close
- 96.26
- Pivot
- 95.84
- S1
- 94.18
- S2
- 92.09
- R1
- 97.93
- R2
- 99.59
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: 69.45- International
- 4,352.90
- % change (intl)
- 3.97%
- MCX Gold ₹/10g
- 1,48,650
- MCX % change
- 0.11%
- Prev close
- 4,186.60
- MCX Gold Mini
- 1,47,300
- Source
- Yahoo / Upstox
- International price is higher at 4352.9 (+3.97%).
- MCX price is higher (+0.11%) — the MCX contract is trading at a discount to the international basis.
- A lower rupee (-1.30%) is weighing on the rupee-denominated MCX print.
- International
- ▲ 3.97%
- USD/INR contribution
- ▼ -1.30%
- Residual (basis / timing)
- ▼ -2.57%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 4,519.20
- Prev low
- 4,020.30
- Prev close
- 4,186.60
- Pivot
- 4,242.03
- S1
- 3,964.87
- S2
- 3,743.13
- R1
- 4,463.77
- R2
- 4,740.93
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: 69.45- International
- 62.68
- % change (intl)
- 2.70%
- MCX Silver ₹/kg
- 2,27,590
- MCX % change
- 2.70%
- Prev close
- 61.03
- MCX Silver Mini
- 2,29,149
- Source
- Yahoo / Upstox
- International price is higher at 62.68 (+2.70%).
- MCX price is higher (+2.70%) — the MCX contract is trading at a premium to the international basis.
- A lower rupee (-1.30%) is weighing on the rupee-denominated MCX print.
- International
- ▲ 2.70%
- USD/INR contribution
- ▼ -1.30%
- Residual (basis / timing)
- ▲ 1.29%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 64.33
- Prev low
- 59.38
- Prev close
- 61.03
- Pivot
- 61.58
- S1
- 58.83
- S2
- 56.63
- R1
- 63.78
- R2
- 66.53
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: 4.43 USD/bbl- Brent
- 79.90
- Brent % change
- 0.57%
- WTI
- 75.47
- MCX Crude ₹/bbl
- 7,125
- Prev close (Brent)
- 79.45
- MCX % change
- -1.23%
- Source
- Yahoo / Upstox
- Brent is higher at 79.9 USD/bbl (+0.57%).
- WTI is higher (+1.19%), Brent-WTI spread at +4.43 USD/bbl.
- MCX Crude is lower (-1.23%) — rupee move (USD/INR -1.30%) contributes to the local print.
- International
- ▲ 0.57%
- USD/INR contribution
- ▼ -1.30%
- Residual (basis / timing)
- ▼ -0.50%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 80.35
- Prev low
- 79.00
- Prev close
- 79.45
- Pivot
- 79.60
- S1
- 78.85
- S2
- 78.25
- R1
- 80.20
- R2
- 80.95
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
- 2.670
- % change (intl)
- -0.85%
- MCX ₹/MMBtu
- 256.9
- MCX % change
- 0.39%
- Prev close (HH)
- 2.700
- Source
- Yahoo / Upstox
- Henry Hub natural gas is lower at 2.67 USD/MMBtu (-0.85%).
- MCX Natural Gas is higher (+0.39%).
- USD/INR -1.30% is a headwind for the rupee-denominated contract.
- International
- ▼ -0.85%
- USD/INR contribution
- ▼ -1.30%
- Residual (basis / timing)
- ▲ 2.54%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 2.73
- Prev low
- 2.64
- Prev close
- 2.70
- Pivot
- 2.69
- S1
- 2.65
- S2
- 2.60
- R1
- 2.74
- R2
- 2.78
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
- ₹95,01,000
- At comparison rate
- ₹95,51,000
- Additional cost
- +₹50,000
- Per ₹0.10 move
- ₹10,000
- Per 1% move
- ₹95,010
Economic & event calendar
- 23:30US US Non-Farm Payrolls (Jul)GoldSilverUSD/INR
- 23:30US US CPI (Jul)GoldSilverUSD/INR
- 23:30US US Non-Farm Payrolls (Aug)GoldSilverUSD/INR
- 23:30US US CPI (Aug)GoldSilverUSD/INR
- 23:30US FOMC Rate Decision + Powell Presser (SEP)All marketsGoldSilver
Key currency & commodity news
- India Trade5 Aug 2026, 1:37 pm ISTIndia Keeps Key Interest Rate on Hold, Retains Neutral Stance - Bloomberg.com
India Keeps Key Interest Rate on Hold, Retains Neutral Stance Bloomberg.com
Bloomberg - Currency6 Aug 2026, 7:39 am ISTYen and dollar drift on Iran deal concerns, payroll jitters
On Thursday, currency markets exhibited a sense of caution as traders monitored impending economic data. The Japanese yen battled to uphold its recent gains against the dollar following intervention efforts. Global attention was centered on the proposed U.S.-Iran deal and its ram
Economic Times - Currency6 Aug 2026, 7:35 am ISTGold touches seven-week high on Strait of Hormuz reopening hopes
Gold's ascent continued on Thursday, marking the fourth day of increases and reaching a seven-week high. This rally was driven by a softer dollar and dipping Treasury yields. Additionally, hopes for the reopening of the Strait of Hormuz added positive vibes. Market watchers are n
Economic Times - Economic Data6 Aug 2026, 1:26 am ISTIran says it has reached agreement with Oman on Hormuz shipping route
Islamic republic is determined to retain a degree of control over the chokepoint
Financial Times - Economic Data5 Aug 2026, 10:18 pm ISTBodycote gets twin private equity bids as buyers feast on London market
Separate offers from CVC and Veritas value FTSE 250 industrials group at about £1.8bn including debt
Financial Times
Five things to know in currency & commodities today
- 1India Keeps Key Interest Rate on Hold, Retains Neutral Stance - Bloomberg.com
India Keeps Key Interest Rate on Hold, Retains Neutral Stance Bloomberg.com
Bloomberg · 5 Aug 2026, 1:37 pm IST - 2Yen and dollar drift on Iran deal concerns, payroll jitters
On Thursday, currency markets exhibited a sense of caution as traders monitored impending economic data. The Japanese yen battled to uphold its recent gains against the dollar following intervention efforts. Global attention was centered on the proposed U.S.-Iran deal and its ram
Economic Times · 6 Aug 2026, 7:39 am IST - 3Gold touches seven-week high on Strait of Hormuz reopening hopes
Gold's ascent continued on Thursday, marking the fourth day of increases and reaching a seven-week high. This rally was driven by a softer dollar and dipping Treasury yields. Additionally, hopes for the reopening of the Strait of Hormuz added positive vibes. Market watchers are n
Economic Times · 6 Aug 2026, 7:35 am IST - 4Iran says it has reached agreement with Oman on Hormuz shipping route
Islamic republic is determined to retain a degree of control over the chokepoint
Financial Times · 6 Aug 2026, 1:26 am IST - 5Bodycote gets twin private equity bids as buyers feast on London market
Separate offers from CVC and Veritas value FTSE 250 industrials group at about £1.8bn including debt
Financial Times · 5 Aug 2026, 10:18 pm IST
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