{"id":100202,"date":"2020-05-18T07:46:20","date_gmt":"2020-05-18T11:46:20","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100202"},"modified":"2020-05-18T09:33:10","modified_gmt":"2020-05-18T13:33:10","slug":"103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/","title":{"rendered":"USD\/INR: Rupee Declines As India\u2019s Lockdown is Extended"},"content":{"rendered":"<ul>\n<li><strong>Lockdown in Indian is extended to 31<sup>st<\/sup> May<\/strong><\/li>\n<li><strong>Oil prices pushed over $30 per barrel<\/strong><\/li>\n<li><strong>Federal Reserve Chairman warns over US economic recovery<\/strong><\/li>\n<li><strong>At 12:00 UTC, US dollar to Indian Ruppe exchange rate (USD\/INR) +0.3% at 76.01 &gt;&gt; <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">Real time exchange rate<\/a><\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> is extending losses versus the US Dollar on Monday. The Rupee declined -0.4% versus the greenback across the previous week, settling on Friday at 75.83.<\/p>\n<p>At 12:00 UTC, USD\/INR is trading +0.3% at 76.01. This is approximately mid-way between the daily traded range of 75.76 -76.06.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time USD to INR exchange rate<\/span><\/a><\/div>\n<p>&nbsp;<\/p>\n<p>The Rupee is trading with a negative bias on Monday as the lockdown in India is extended and amid rising oil prices.<\/p>\n<p>The Indian government has decided to extend the lockdown to the 31<sup>st<\/sup> May as coronavirus cases exceed 90,000. Whilst schools, shopping centres and other public places will remain closed, rules will be relaxed in some areas of the country where number of cases are low. Investors fear that a longer lockdown period will weigh on the economic outlook of India.<\/p>\n<p>Domestic bourses were also trading with a negative bias. The Sensex plunged 3.4%. Foreign institutional investors were also net seller in the capital markets.<\/p>\n<p>Rising oil prices are also adding pressure to the Rupee. Oil has jumped in early trade on Monday as economies start to reopen, the demand for oil is starting to rise. Higher oil prices are bad news for India, the world\u2019s third largest oil consumer. Oil was trading back over US$30, up $60 dollars from last month\u2019s slump to -$30 per barrel.<\/p>\n<p>With no high impacting US economic data to be released today, sentiment is moving the US Dollar. A stark warning from Federal Reserve Chairman, Jerome Powell weighed on demand for the US Dollar, whilst rising US \u2013 Sino trade tensions kept demand for the safe haven strong.<\/p>\n<p>Jerome Powell warned on Sunday evening that the US economic recovery after coronavirus will be long, taking potentially up to late 2021. He said, that without a vaccine a full economic recovery may not even be possible. Mr Powell added that the US economy could contract by -30% in the second quarter and unemployment could shoot up to 25%.<\/p>\n<p>Looking ahead investors will keep a close eye on US \u2013 Chinese relations after President Trump\u2019s latest efforts to cut Huawei off from international semiconductor supplies. Whilst it is too early to determine the effects of Trump\u2019s restrictions on the company, the move has had a cooling effect on US \u2013 Sino relations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lockdown in Indian is extended to 31st May Oil prices pushed over $30 per barrel Federal Reserve Chairman warns over US economic recovery At 12:00 UTC, US dollar to Indian Ruppe exchange rate (USD\/INR) +0.3% at 76.01 &gt;&gt; Real time exchange rate The Indian Rupee is extending losses versus the US Dollar on Monday. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":100208,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1655,1666,1445,2374,1397,1398],"class_list":["post-100202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-inr","category-usd","tag-indian-rupee","tag-inr","tag-jerome-powell","tag-lockdown","tag-us-dollar","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: Rupee Declines As India\u2019s Lockdown is Extended - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee Declines As India\u2019s Lockdown is Extended\",\"datePublished\":\"2020-05-18T11:46:20+00:00\",\"dateModified\":\"2020-05-18T13:33:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/\"},\"wordCount\":449,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/india-lockdown-extends.jpg\",\"keywords\":[\"indian rupee\",\"inr\",\"Jerome Powell\",\"lockdown\",\"us dollar\",\"usd\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/\",\"name\":\"USD\\\/INR: Rupee Declines As India\u2019s Lockdown is Extended - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/india-lockdown-extends.jpg\",\"datePublished\":\"2020-05-18T11:46:20+00:00\",\"dateModified\":\"2020-05-18T13:33:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/india-lockdown-extends.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/india-lockdown-extends.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Lockdown extends in India\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Rupee Declines As India\u2019s Lockdown is Extended\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/INR: Rupee Declines As India\u2019s Lockdown is Extended - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/INR: Rupee Declines As India\u2019s Lockdown is Extended","datePublished":"2020-05-18T11:46:20+00:00","dateModified":"2020-05-18T13:33:10+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/"},"wordCount":449,"image":{"@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/05\/india-lockdown-extends.jpg","keywords":["indian rupee","inr","Jerome Powell","lockdown","us dollar","usd"],"articleSection":["INR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/","url":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/","name":"USD\/INR: Rupee Declines As India\u2019s Lockdown is Extended - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/05\/india-lockdown-extends.jpg","datePublished":"2020-05-18T11:46:20+00:00","dateModified":"2020-05-18T13:33:10+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/05\/india-lockdown-extends.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/05\/india-lockdown-extends.jpg","width":1200,"height":675,"caption":"Lockdown extends in India"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103229-usd-inr-rupee-declines-as-indias-lockdown-is-extended\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Rupee Declines As India\u2019s Lockdown is Extended"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/05\/india-lockdown-extends.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=100202"}],"version-history":[{"count":4,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100202\/revisions"}],"predecessor-version":[{"id":100209,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100202\/revisions\/100209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/100208"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=100202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=100202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=100202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}