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 -0.12%, Gold -0.74%, Silver -0.70%, Brent +2.53%, WTI +2.35%, Nat Gas -0.62%.
- Prev close
- 95.47
- Day high
- —
- Day low
- —
- Source
- NSE / Upstox
- MCX Gold ₹/10g
- 1,56,250
- MCX change %
- -1.73%
- Prev close
- 4,504.10
- Source
- Yahoo / Upstox
- MCX Silver ₹/kg
- 2,36,651
- MCX change %
- -1.66%
- Gold/Silver
- 67.11
- Source
- Yahoo / Upstox
- WTI
- 85.36
- MCX ₹/bbl
- 7,987
- Brent-WTI
- 4.97
- Source
- Yahoo / Upstox
- MCX ₹/MMBtu
- 275.8
- MCX change %
- -0.11%
- Prev close
- 2.89
- Source
- Yahoo / Upstox
Cross pairs
Importer & exporter impact
- USD payment cost
- neutral
- Crude / energy cost
- adverse
- Bullion procurement
- supportive
- 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
- 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 | supportive |
| Fertiliser companies | Natural gas, USD/INR | supportive |
| IT exporters | USD/INR | neutral |
| Textile exporters | USD/INR, EUR/USD | neutral |
| Metal users | Silver, USD/INR | supportive |
USD / INR — detailed analysis
Near-month future- Price
- 95.3600
- Change
- -0.1104
- % change
- -0.12%
- Prev close
- 95.4704
- Source
- NSE / Upstox
- USD/INR is trading lower at 95.36 (-0.12%).
- Brent crude is higher; elevated crude prices weigh on the rupee.
- Prev high
- 95.58
- Prev low
- 95.25
- Prev close
- 95.47
- Pivot
- 95.43
- S1
- 95.29
- S2
- 95.10
- R1
- 95.62
- R2
- 95.76
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
- 4,470.80
- % change (intl)
- -0.74%
- MCX Gold ₹/10g
- 1,56,250
- MCX % change
- -1.73%
- Prev close
- 4,504.10
- MCX Gold Mini
- 1,55,999
- Source
- Yahoo / Upstox
- International price is lower at 4470.8 (-0.74%).
- MCX price is lower (-1.73%) — the MCX contract is trading at a discount to the international basis.
- A lower rupee (-0.12%) is weighing on the rupee-denominated MCX print.
- International
- ▼ -0.74%
- USD/INR contribution
- ▼ -0.12%
- Residual (basis / timing)
- ▼ -0.87%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 4,537.40
- Prev low
- 4,437.50
- Prev close
- 4,504.10
- Pivot
- 4,493.00
- S1
- 4,448.60
- S2
- 4,393.10
- R1
- 4,548.50
- R2
- 4,592.90
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
- 66.62
- % change (intl)
- -0.70%
- MCX Silver ₹/kg
- 2,36,651
- MCX % change
- -1.66%
- Prev close
- 67.09
- MCX Silver Mini
- 2,38,435
- Source
- Yahoo / Upstox
- International price is lower at 66.62 (-0.70%).
- MCX price is lower (-1.66%) — the MCX contract is trading at a discount to the international basis.
- A lower rupee (-0.12%) is weighing on the rupee-denominated MCX print.
- International
- ▼ -0.70%
- USD/INR contribution
- ▼ -0.12%
- Residual (basis / timing)
- ▼ -0.85%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 67.56
- Prev low
- 66.15
- Prev close
- 67.09
- Pivot
- 66.93
- S1
- 66.31
- S2
- 65.52
- R1
- 67.72
- R2
- 68.34
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: 4.97 USD/bbl- Brent
- 90.33
- Brent % change
- 2.53%
- WTI
- 85.36
- MCX Crude ₹/bbl
- 7,987
- Prev close (Brent)
- 88.10
- MCX % change
- 0.29%
- Source
- Yahoo / Upstox
- Brent is higher at 90.33 USD/bbl (+2.53%).
- WTI is higher (+2.35%), Brent-WTI spread at +4.97 USD/bbl.
- MCX Crude is higher (+0.29%) — rupee move (USD/INR -0.12%) contributes to the local print.
- International
- ▲ 2.53%
- USD/INR contribution
- ▼ -0.12%
- Residual (basis / timing)
- ▼ -2.13%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 92.56
- Prev low
- 85.87
- Prev close
- 88.10
- Pivot
- 88.84
- S1
- 85.13
- S2
- 82.15
- R1
- 91.82
- R2
- 95.53
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
- 2.870
- % change (intl)
- -0.62%
- MCX ₹/MMBtu
- 275.8
- MCX % change
- -0.11%
- Prev close (HH)
- 2.890
- Source
- Yahoo / Upstox
- Henry Hub natural gas is lower at 2.87 USD/MMBtu (-0.62%).
- MCX Natural Gas is lower (-0.11%).
- USD/INR -0.12% is a headwind for the rupee-denominated contract.
- International
- ▼ -0.62%
- USD/INR contribution
- ▼ -0.12%
- 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
- 2.91
- Prev low
- 2.85
- Prev close
- 2.89
- Pivot
- 2.88
- S1
- 2.86
- S2
- 2.82
- R1
- 2.92
- R2
- 2.94
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
- ₹95,36,000
- At comparison rate
- ₹95,86,000
- Additional cost
- +₹50,000
- Per ₹0.10 move
- ₹10,000
- Per 1% move
- ₹95,360
Economic & event calendar
- 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
- 23:30US US Non-Farm Payrolls (Sep)GoldSilverUSD/INR
- 23:30US US CPI (Sep)GoldSilverUSD/INR
Key currency & commodity news
- Bullion31 Aug 2026, 7:30 am ISTGold holds ground after 3% drop on Warsh's hawkish stance
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this w
Economic Times - Currency31 Aug 2026, 7:32 am ISTDollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assertive comments from the Fed. Meanwhile, the yen fell past the crucial 160-per-dollar threshold, raising concerns about possible intervention. A
Economic Times - Currency31 Aug 2026, 6:37 am ISTShort-term rates ease as banks see surge in dollar deposits
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary polic
Economic Times - Energy30 Aug 2026, 7:50 pm ISTTrump wants Venezuela’s oil to fill US empty vaultEconomic Times
- Energy30 Aug 2026, 5:42 pm ISTControversial Venezuelan executive courts investors after Trump oil deal
Alejandro Betancourt is the US’s primary partner in a company that will control more than 65bn barrels of oil reserves
Financial Times
Five things to know in currency & commodities today
- 1Gold holds ground after 3% drop on Warsh's hawkish stance
On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this w
Economic Times · 31 Aug 2026, 7:30 am IST - 2Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assertive comments from the Fed. Meanwhile, the yen fell past the crucial 160-per-dollar threshold, raising concerns about possible intervention. A
Economic Times · 31 Aug 2026, 7:32 am IST - 3Short-term rates ease as banks see surge in dollar deposits
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary polic
Economic Times · 31 Aug 2026, 6:37 am IST - 4Trump wants Venezuela’s oil to fill US empty vaultEconomic Times · 30 Aug 2026, 7:50 pm IST
- 5Controversial Venezuelan executive courts investors after Trump oil deal
Alejandro Betancourt is the US’s primary partner in a company that will control more than 65bn barrels of oil reserves
Financial Times · 30 Aug 2026, 5:42 pm IST
Previous Currency & Commodity Briefings
Daily 08:00 IST snapshots — permanent archive links.
- Fri, 28 Aug, 2026Rupee mildly weaker; bullion steady; energy mildly firm· Snapshotted 28 Aug 2026, 08:00 am IST
- Wed, 26 Aug, 2026Rupee firm; bullion firm; energy weak· Snapshotted 26 Aug 2026, 08:05 am IST
- Tue, 25 Aug, 2026Rupee steady; bullion steady; energy weak· Snapshotted 25 Aug 2026, 08:05 am IST
- Mon, 24 Aug, 2026Rupee steady; bullion steady; energy weak· Snapshotted 24 Aug 2026, 08:00 am IST