The announcement of military action by Russia on Ukraine has made the world sleepy. Whether it is the matter of currency or the price of gold or crude oil, there is an outcry everywhere.
Crude oil condition: Crude oil prices have increased by about $ 7 per barrel. At present, the price of crude oil has reached $ 103 per barrel. This is the highest level in almost 8 years. The rise in the price of crude oil means that domestic fuel prices will increase in the coming days. Let us tell you that more than 75 percent of India’s crude oil dependence is on imports.
Gold status: Gold prices are also at year’s highs amid a raging war between Russia and Ukraine. On Thursday, the price of gold rose by Rs 1,656 to Rs 51,627 per ten grams in the Delhi bullion market. HDFC Securities gave this information. Due to this, gold had closed at Rs 49,971 per 10 grams in the previous trading session. Silver also rose by Rs 2,350 to Rs 66,267 per kg. Silver had closed at Rs 63,917 per kg in the previous trading session.
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Status of Rs. The rupee depreciated 60 paise against the US dollar. The Indian currency is at 75.16 rupees against the dollar. Let us inform that the rupee opened at 75.02 against the US dollar, and then declined by 55 paise to 75.16 from the previous closing price. According to Ajay Kedia, managing director of Kedia Advisory, the situation of the rupee may worsen. Indian currency can touch the level of Rs 76.40 per dollar.
Cryptocurrency status: The crypto market was also not untouched by the war between Russia and Ukraine. The popular cryptocurrency Bitcoin is down about 10 percent and has reached the level of $ 34,618. This is the lowest level of the month. Apart from bitcoin, ether, dogecoin and other cryptocurrencies saw a decline.
Russian stock market: Trading on Russia’s Moscow Stock Exchange was suspended after the declaration of war with Ukraine. However, after some time trading started, the Russian stock market fell by more than 30 percent. At the same time, Russia’s currency ruble also died. The ruble fell by 10 per cent against the US dollar, its biggest fall ever.
India’s stock market crashed: The Sensex closed at 54,529.91 points, down 2702.15 points or 4.72 per cent. Similarly, Nifty lost 815.30 points or 4.78 per cent to settle at 16,247.95.
Wheat to soy costlier: Wheat prices are at a nine-year high. Apart from this, the price of soybean has also increased. Soybean has also reached the highest level since 2015.