{"id":102920,"date":"2020-08-06T07:00:29","date_gmt":"2020-08-06T11:00:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102920"},"modified":"2020-08-06T09:40:38","modified_gmt":"2020-08-06T13:40:38","slug":"103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/","title":{"rendered":"USD\/INR: Rupee Slips As RBI Leaves Rates On Hold"},"content":{"rendered":"<ul>\n<li><strong>Reserve Bank of India leaves repurchase rate unchanged at 4%<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) edges lower after investors are disappointed by RBI\u2019s lack of guidance on debt purchases and economic growth<\/strong><\/li>\n<li><strong>US Dollar (USD)\u00a0 moves southwards versus major peers amid growing concerns over the labour market recovery<\/strong><\/li>\n<li><strong>US initial jobless claims to show 1.41 million vs 1.43 million last week<\/strong><\/li>\n<\/ul>\n<p>After two sessions in decline the US Dollar Indian Rupee (USD\/INR) exchange rate is gaining altitude on Thursday. The pair settled on Wednesday -0.35% at 74.79. At 10:00 UTC, USD\/INR trades +0.2% at 74.95 after having briefly pierced through the key 75.00 level.<\/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>The Reserve Bank of India kept the repurchase rate on hold at 4% in July as it sought to strike a balance amid rising retail inflation and keeping monetary sufficiently loose to aid economic growth.<\/p>\n<p>The Governor of the Reserve Bank of India Shaktikanta Das confirmed that there was still space for further monetary policy easing. However, the central bank is looking for inflation to cool before taking further steps to support the economy.<\/p>\n<p>The central bank has already cut repo rates by 115 basis points since February, this was in addition to 135 basis point cuts made in an easing cycle last year.<\/p>\n<p>The Monetary Policy Committee highlighted the uncertain nature of the outlook for inflation and the economy amid the ongoing coronavirus crisis. However, it was the absence of guidance on debt purchases and the extent of the economic slowdown which left investors disappointed. Whilst Shaktikanta Das said GDP is set to contract in the fiscal year through to March 2021 he didn\u2019t give a specific forecast.<\/p>\n<p>The US Dollar is trading lower versus its major peers heading towards the US open. Concerns are growing that the US economic recovery and more specifically the recovery in the labour market is stalling as coronavirus cases continue to rise.<\/p>\n<p>After yesterday\u2019s ADP data showed that the number of new jobs created in the US private sector slowed sharply in July, investors are looking cautiously ahead to today\u2019s initial jobless claims. Expectations are for 1.41 million Americans to have signed up for unemployment benefits, only a slight improvement on last week\u2019s 1.43 million.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">USD Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/6921d1637f5b7f4ee3b811476cc2deff.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-102930\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/6921d1637f5b7f4ee3b811476cc2deff.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/6921d1637f5b7f4ee3b811476cc2deff-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/6921d1637f5b7f4ee3b811476cc2deff-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/6921d1637f5b7f4ee3b811476cc2deff-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India leaves repurchase rate unchanged at 4% Indian Rupee (INR) edges lower after investors are disappointed by RBI\u2019s lack of guidance on debt purchases and economic growth US Dollar (USD)\u00a0 moves southwards versus major peers amid growing concerns over the labour market recovery US initial jobless claims to show 1.41 million vs [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":47269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1655,2555,1666,1750,1397,1398],"class_list":{"0":"post-102920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-indian-rupee","10":"tag-initial-jobless-claims","11":"tag-inr","12":"tag-reserve-bank-of-india","13":"tag-us-dollar","14":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: Rupee Slips As RBI Leaves Rates On Hold - 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\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/\" \/>\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\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee Slips As RBI Leaves Rates On Hold\",\"datePublished\":\"2020-08-06T11:00:29+00:00\",\"dateModified\":\"2020-08-06T13:40:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/\"},\"wordCount\":456,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"keywords\":[\"indian rupee\",\"initial jobless claims\",\"inr\",\"Reserve Bank of India\",\"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\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/\",\"name\":\"USD\\\/INR: Rupee Slips As RBI Leaves Rates On Hold - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"datePublished\":\"2020-08-06T11:00:29+00:00\",\"dateModified\":\"2020-08-06T13:40:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Rupee Slips As RBI Leaves Rates On Hold\"}]},{\"@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 Slips As RBI Leaves Rates On Hold - 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\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/INR: Rupee Slips As RBI Leaves Rates On Hold","datePublished":"2020-08-06T11:00:29+00:00","dateModified":"2020-08-06T13:40:38+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/"},"wordCount":456,"image":{"@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","keywords":["indian rupee","initial jobless claims","inr","Reserve Bank of India","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\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/","url":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/","name":"USD\/INR: Rupee Slips As RBI Leaves Rates On Hold - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","datePublished":"2020-08-06T11:00:29+00:00","dateModified":"2020-08-06T13:40:38+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103792-usd-inr-rupee-slips-as-rbi-leaves-rates-on-hold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Rupee Slips As RBI Leaves Rates On Hold"}]},{"@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\/2019\/10\/indian-rupee-money.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102920","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=102920"}],"version-history":[{"count":5,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102920\/revisions"}],"predecessor-version":[{"id":102931,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/102920\/revisions\/102931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/47269"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=102920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=102920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=102920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}