{"id":103963,"date":"2020-08-31T12:30:51","date_gmt":"2020-08-31T11:30:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103963"},"modified":"2020-08-31T12:37:28","modified_gmt":"2020-08-31T11:37:28","slug":"104088-usd-inr-rupee-drops-record-gdp-contraction-expected","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\/","title":{"rendered":"USD\/INR: Rupee Drops, Record GDP Contraction Expected"},"content":{"rendered":"<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is trading 0.5% higher at 73.54 after plunging over 2% last week.<\/p>\n<p>The Rupee is out of favour amid <a href=\"https:\/\/currencylive.com\/news\/104087-usd-inr-indian-rupee-drops-on-chinese-border-tension-gdp-up-next\/\">renewed border tensions with China<\/a> over the disputed border in Ladakh. Investors are also looking ahead to the release of Indian GDP for the April \u2013 June quarter. Analysts are expecting a -20% contraction, the worst on record.<\/p>\n<p>US Dollar is attempting to advance versus its major peers, although it is still looking at its worst August performance in 5 years. A shift in Federal policy to keep interest rates lower for longer could cap US Dollar gains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is trading 0.5% higher at 73.54 after plunging over 2% last week. The Rupee is out of favour amid renewed border tensions with China over the disputed border in Ladakh. Investors are also looking ahead to the release of Indian GDP for the April \u2013 June quarter. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1655,1666,1397,1398],"class_list":{"0":"post-103963","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-inr","11":"tag-us-dollar","12":"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 Drops, Record GDP Contraction Expected - 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\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee Drops, Record GDP Contraction Expected\",\"datePublished\":\"2020-08-31T11:30:51+00:00\",\"dateModified\":\"2020-08-31T11:37:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\\\/\"},\"wordCount\":109,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"keywords\":[\"indian rupee\",\"inr\",\"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\\\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104088-usd-inr-rupee-drops-record-gdp-contraction-expected\\\/\",\"name\":\"USD\\\/INR: Rupee Drops, Record GDP Contraction Expected - 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