I was trying to convert the Brent oil prices from dollars to ruppees and I took the current USD/inr price from investing.com and multiplied it with the Brent oil price but the answer varies by a huge gap from the price in mcx.
Does anyone here know what’s the correct method to obtain the crude oil price in ruppees?
Have explained the price disparity with respect to Gold. The same applies to Brent (or any other international commodity) as well. Check section 8.2 here - https://zerodha.com/varsity/chapter/gold-part-2/
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