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 -0.18%, Gold -1.05%, Silver -1.48%, Brent +1.13%, WTI +0.85%, Nat Gas +1.79%.
- Prev close
- 95.11
- Day high
- —
- Day low
- —
- Source
- NSE / Upstox
- MCX Gold ₹/10g
- 1,51,699
- MCX change %
- -1.79%
- Prev close
- 4,396.40
- Source
- Yahoo / Upstox
- MCX Silver ₹/kg
- 2,28,993
- MCX change %
- -2.07%
- Gold/Silver
- 67.55
- Source
- Yahoo / Upstox
- WTI
- 90.99
- MCX ₹/bbl
- 8,533
- Brent-WTI
- 4.73
- Source
- Yahoo / Upstox
- MCX ₹/MMBtu
- 277.6
- MCX change %
- -0.89%
- Prev close
- 2.90
- Source
- Yahoo / Upstox
Cross pairs
Importer & exporter impact
- USD payment cost
- mildly supportive
- Crude / energy cost
- adverse
- Bullion procurement
- supportive
- Nat-gas cost
- adverse
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 adverse
- EUR realisation
- mildly adverse
- 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 | 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 | adverse |
| IT exporters | USD/INR | mildly adverse |
| Textile exporters | USD/INR, EUR/USD | mildly adverse |
| Metal users | Silver, USD/INR | supportive |
USD / INR — detailed analysis
Near-month future- Price
- 94.9400
- Change
- -0.1744
- % change
- -0.18%
- Prev close
- 95.1144
- Source
- NSE / Upstox
- USD/INR is trading lower at 94.94 (-0.18%).
- Brent crude is higher; elevated crude prices weigh on the rupee.
- Prev high
- 95.29
- Prev low
- 94.77
- Prev close
- 95.11
- Pivot
- 95.06
- S1
- 94.82
- S2
- 94.53
- R1
- 95.35
- R2
- 95.58
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: 67.55- International
- 4,350.40
- % change (intl)
- -1.05%
- MCX Gold ₹/10g
- 1,51,699
- MCX % change
- -1.79%
- Prev close
- 4,396.40
- MCX Gold Mini
- 1,51,395
- Source
- Yahoo / Upstox
- International price is lower at 4350.4 (-1.05%).
- MCX price is lower (-1.79%) — the MCX contract is trading at a discount to the international basis.
- A lower rupee (-0.18%) is weighing on the rupee-denominated MCX print.
- International
- ▼ -1.05%
- USD/INR contribution
- ▼ -0.18%
- Residual (basis / timing)
- ▼ -0.56%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 4,442.40
- Prev low
- 4,304.40
- Prev close
- 4,396.40
- Pivot
- 4,381.07
- S1
- 4,319.73
- S2
- 4,243.07
- R1
- 4,457.73
- R2
- 4,519.07
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: 67.55- International
- 64.40
- % change (intl)
- -1.48%
- MCX Silver ₹/kg
- 2,28,993
- MCX % change
- -2.07%
- Prev close
- 65.37
- MCX Silver Mini
- 2,37,460
- Source
- Yahoo / Upstox
- International price is lower at 64.4 (-1.48%).
- MCX price is lower (-2.07%) — the MCX contract is trading at a discount to the international basis.
- A lower rupee (-0.18%) is weighing on the rupee-denominated MCX print.
- International
- ▼ -1.48%
- USD/INR contribution
- ▼ -0.18%
- Residual (basis / timing)
- ▼ -0.41%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 66.34
- Prev low
- 63.43
- Prev close
- 65.37
- Pivot
- 65.05
- S1
- 63.75
- S2
- 62.14
- R1
- 66.66
- R2
- 67.96
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: 4.73 USD/bbl- Brent
- 95.72
- Brent % change
- 1.13%
- WTI
- 90.99
- MCX Crude ₹/bbl
- 8,533
- Prev close (Brent)
- 94.65
- MCX % change
- -0.04%
- Source
- Yahoo / Upstox
- Brent is higher at 95.72 USD/bbl (+1.13%).
- WTI is higher (+0.85%), Brent-WTI spread at +4.73 USD/bbl.
- MCX Crude is lower (-0.04%) — rupee move (USD/INR -0.18%) contributes to the local print.
- International
- ▲ 1.13%
- USD/INR contribution
- ▼ -0.18%
- Residual (basis / timing)
- ▼ -0.98%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 96.79
- Prev low
- 93.58
- Prev close
- 94.65
- Pivot
- 95.01
- S1
- 93.22
- S2
- 91.80
- R1
- 96.43
- R2
- 98.22
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
- 2.960
- % change (intl)
- 1.79%
- MCX ₹/MMBtu
- 277.6
- MCX % change
- -0.89%
- Prev close (HH)
- 2.900
- Source
- Yahoo / Upstox
- Henry Hub natural gas is higher at 2.96 USD/MMBtu (+1.79%).
- MCX Natural Gas is lower (-0.89%).
- USD/INR -0.18% is a headwind for the rupee-denominated contract.
- International
- ▲ 1.79%
- USD/INR contribution
- ▼ -0.18%
- Residual (basis / timing)
- ▼ -2.50%
MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.
- Prev high
- 3.02
- Prev low
- 2.84
- Prev close
- 2.90
- Pivot
- 2.92
- S1
- 2.82
- S2
- 2.74
- R1
- 3.00
- R2
- 3.10
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
- ₹94,94,000
- At comparison rate
- ₹95,44,000
- Additional cost
- +₹50,000
- Per ₹0.10 move
- ₹10,000
- Per 1% move
- ₹94,940
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
- Central Banks2 Sept 2026, 1:30 am ISTWarsh and peace
Bond yields keep rising after the Fed chair’s Jackson Hole speech
Financial Times - Currency1 Sept 2026, 5:03 pm ISTRBI intervention, dollar flows push Indian rupee to two-month peak - Reuters
RBI intervention, dollar flows push Indian rupee to two-month peak Reuters
Reuters - Energy2 Sept 2026, 7:44 am ISTOil Price Today (September 2): Crude oil nears $97 as war tensions escalate. Will it hit $100 again?
The United States said it carried out a series of airstrikes against targets in Iran overnight, drawing a response from Tehran in what was described as the most serious escalation in the conflict between the two countries in weeks.
Economic Times - Economic Data2 Sept 2026, 2:48 am ISTUS diesel prices soar as Trump hauls in refiners
President holds White House meeting as fresh escalation in his Iran war threatens new inflationary spiral
Financial Times - Energy2 Sept 2026, 1:29 am ISTUS launches further strikes on Iran as conflict flares up
Escalation pushes oil prices higher and sends Treasury yields to day’s highs as investors fret over new bout of inflation
Financial Times - Geopolitics1 Sept 2026, 10:00 pm IST'Most Americans oppose Trump's Canada tariffs'Economic Times
Five things to know in currency & commodities today
- 1Warsh and peace
Bond yields keep rising after the Fed chair’s Jackson Hole speech
Financial Times · 2 Sept 2026, 1:30 am IST - 2RBI intervention, dollar flows push Indian rupee to two-month peak - Reuters
RBI intervention, dollar flows push Indian rupee to two-month peak Reuters
Reuters · 1 Sept 2026, 5:03 pm IST - 3Oil Price Today (September 2): Crude oil nears $97 as war tensions escalate. Will it hit $100 again?
The United States said it carried out a series of airstrikes against targets in Iran overnight, drawing a response from Tehran in what was described as the most serious escalation in the conflict between the two countries in weeks.
Economic Times · 2 Sept 2026, 7:44 am IST - 4US diesel prices soar as Trump hauls in refiners
President holds White House meeting as fresh escalation in his Iran war threatens new inflationary spiral
Financial Times · 2 Sept 2026, 2:48 am IST - 5US launches further strikes on Iran as conflict flares up
Escalation pushes oil prices higher and sends Treasury yields to day’s highs as investors fret over new bout of inflation
Financial Times · 2 Sept 2026, 1:29 am IST
Previous Currency & Commodity Briefings
Daily 08:00 IST snapshots — permanent archive links.
- Tue, 01 Sept, 2026Bullion mildly firm; energy firm· Snapshotted 01 Sept 2026, 08:00 am IST
- Mon, 31 Aug, 2026Rupee mildly firm; bullion mildly weak; energy firm· Snapshotted 31 Aug 2026, 08:00 am IST
- 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