Rupee losses in the early trade on Thursday

The rupee depreciated 4 paise to 81.66 against the U.S. dollar in early trade on October 6 amid high volatility as rising crude oil prices weighed on the local unit. At the interbank foreign exchange, the rupee opened on a strong note at 81.52 against the greenback, then pared the gains and fell to 81.66, registering a fall of 4 paise over its previous closing. In initial trading, the rupee also touched 81.51 against the American currency.

Indian bond yield climb on Thursday

Indian government bond yields jumped in early trading on Thursday after the country was not immediately included in J.P. Morgan's emerging market index and as rising oil prices also added to worries about rising inflation. The benchmark Indian 10-year government bond yield was at 7.4552%. The yield jumped to 7.4816% earlier in the session, its highest since June 21.It ended at 7.3621% on Tuesday, posting its biggest single session drop in one-and-a-half months.

Crude oil rose to a three-week high on Thursday

Oil prices kept high on Thursday, but appeared to have paused a recent rally as markets awaited more clarity on how the OPEC+ intends to carry out a massive supply cut, as well as a U.S. response to the move. London-traded Brent oil futures fell 0.2% to around $93.59 a barrel, while West Texas Intermediate crude futures rose 0.2% to $87.95 a barrel. Both contracts rallied about 2% on Wednesday and are up sharply this week.

Gold rose on Thursday.

Gold and silver rose in Indian markets today, tracking positive global cues. On MCX, gold futures were up 0.4% to over one-month high of ₹51,848 per 10 gram. Silver futures jumped 1.2% to ₹61,525 per kg. In international markets, gold today continued its rebound, supported by a drop in US Treasury yields retreated but gains remained capped. Spot gold was up 0.2% at $1,719.19 per ounce. A steady US dollar also helped the precious metal. Spot silver however fell 0.3% to $20.64 per ounce.