USD/ INR: Indian Rupee Forex Report on 18 August

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USD/INR- The Indian Currency is recovering slowly from the previous month losses. Today, Indian Rupee recovers just below the key level. Accordingly, it settled at 74.28 on 18 August. The Indian rupee traded between 74.227 and 74.375 today. On the other hand, the dollar index decreased again after experiencing continuous gains all last week. Accordingly, its value fell and settled at 93.06 as of 06:15 PM EDT Wednesday. USD/ INR: Oil Prices The US WTI crude oil prices are highly volatile. Furthermore, with the ongoing oil demand concern and the growing coronavirus pandemic, it is highly uncertain. Also, recent studies predict that the oil demand will not reach the pre-crisis level until 2023. Further, studies and experts hint that carbon trade might take over and grow 10 times bigger than the global crude oil market. Accordingly, crude oil increased by 0.90% at 06:20 PM on 18 August to trade at USD 67.19 per barrel globally. On the other hand, Brent Crude was set
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