{"id":104107,"date":"2020-09-03T13:20:55","date_gmt":"2020-09-03T12:20:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104107"},"modified":"2020-09-03T13:05:03","modified_gmt":"2020-09-03T12:05:03","slug":"104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\/","title":{"rendered":"USD\/INR: Rupee Under Pressure As Service Sector Shrinks"},"content":{"rendered":"<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is heading higher for the second straight day. The pair trades +0.3% at 73.54.<\/p>\n<p>The Indian service sector contracted again in August. The <a href=\"https:\/\/currencylive.com\/news\/104138-usd-inr-rupee-loses-ground-as-service-sector-contracts-for-6th-consecutive-month\/\">service sector PMI<\/a> printed at 41.8. Whilst this was up from July\u2019s 34.2 it still marked the sixth straight month of activity in the sector shrinking. The service sector accounts for 54% of the GDP meaning that the service sector PMI is a critical gauge.<\/p>\n<p>The US Dollar is trading higher across the board as investors await a slew of data releases. Initial jobless claims are expected to fall below 1 million, whilst the employment component of the ISM non-manufacturing report will also be in focus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is heading higher for the second straight day. The pair trades +0.3% at 73.54. The Indian service sector contracted again in August. The service sector PMI printed at 41.8. Whilst this was up from July\u2019s 34.2 it still marked the sixth straight month of activity in the [&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-104107","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 Under Pressure As Service Sector Shrinks - 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\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\/\" \/>\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\\\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee Under Pressure As Service Sector Shrinks\",\"datePublished\":\"2020-09-03T12:20:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\\\/\"},\"wordCount\":122,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\\\/#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\\\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104139-usd-inr-rupee-under-pressure-as-service-sector-shrinks\\\/\",\"name\":\"USD\\\/INR: Rupee Under Pressure As Service Sector Shrinks - 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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. 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