{"id":104583,"date":"2020-09-14T12:00:33","date_gmt":"2020-09-14T11:00:33","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104583"},"modified":"2020-09-14T15:49:47","modified_gmt":"2020-09-14T14:49:47","slug":"104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/","title":{"rendered":"USD\/INR: Indian Rupee Extends Losses As S&#038;P Downgrades GDP -9%"},"content":{"rendered":"<ul>\n<li><strong>S&amp;P rating agency expects -9% contraction this fiscal year vs, -5% previously<\/strong><\/li>\n<li><strong>India\u2019s covid cases +94,372 in 24 hours<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> trades lower versus major peers after AstraZeneca covid trials restart<\/strong><\/li>\n<li><strong>US FOMC monetary policy decision on Wednesday<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">US Dollar Indian Rupee<\/a> (USD\/INR) exchange rate is extending gains from the previous week. The pair advanced +0.19% last week, settling on Friday at 73.43. At 10:30 UTC, USD\/INR trades +0.1% at 73.49.<\/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>International ratings agency S&amp;P Global Rating forecast that the Indian economy will contract by 9% in the current fiscal year ending March 31 2021. This is greater than the previously expected 5% contraction, as the country countries to be devastated by the coronavirus pandemic.<\/p>\n<p>S&amp;P joins a growing list of major banks who have recently cut their forecast on India\u2019s economy, which experienced a 23.9% GDP contraction in the April \u2013 June quarter. Consumer spending, exports and investments collapsed during the strict lockdown and have been slow to pick up since. As long as the spread of coronavirus remains uncontained, consumers will be wary about going out to spend.<\/p>\n<p>Whilst India is out of national lockdown, local lockdowns and restrictions continue as the number of daily coronavirus cases rose by 94,372, taking the total to 4.85 million. India is experiencing the greatest number of new daily cases in the world and now sits only second to the US for greatest total number of infections.<\/p>\n<p>The US Dollar is rising versus the Rupee; however it is trading lower versus its major peers in broad risk on trading. News that Oxford University\/ AstraZeneca have resumed covid vaccine trials is booting sentiment, increasing flows out of the safe haven greenback. Vaccine trials for what is widely considered one the most promising vaccine candidates being tested globally saw trials briefly paused after a someone in the trial fell ill.<\/p>\n<p>There is no high impacting US data due to be released today. Investors are looking ahead to the Federal Reserve\u2019s monetary policy announcement on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P rating agency expects -9% contraction this fiscal year vs, -5% previously India\u2019s covid cases +94,372 in 24 hours US Dollar trades lower versus major peers after AstraZeneca covid trials restart US FOMC monetary policy decision on Wednesday The US Dollar Indian Rupee (USD\/INR) exchange rate is extending gains from the previous week. The pair [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1409,1655,1666,1397,1398,1862,2695],"class_list":{"0":"post-104583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-gdp","10":"tag-indian-rupee","11":"tag-inr","12":"tag-us-dollar","13":"tag-usd","14":"tag-usd-inr","15":"tag-vaccine"},"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: Indian Rupee Extends Losses As S&amp;P Downgrades GDP -9% - 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\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/\" \/>\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\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Indian Rupee Extends Losses As S&#038;P Downgrades GDP -9%\",\"datePublished\":\"2020-09-14T11:00:33+00:00\",\"dateModified\":\"2020-09-14T14:49:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/\"},\"wordCount\":370,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"keywords\":[\"gdp\",\"indian rupee\",\"inr\",\"us dollar\",\"usd\",\"usd\\\/inr\",\"vaccine\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/\",\"name\":\"USD\\\/INR: Indian Rupee Extends Losses As S&P Downgrades GDP -9% - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"datePublished\":\"2020-09-14T11:00:33+00:00\",\"dateModified\":\"2020-09-14T14:49:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Indian Rupee Extends Losses As S&#038;P Downgrades GDP -9%\"}]},{\"@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: Indian Rupee Extends Losses As S&P Downgrades GDP -9% - 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\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/INR: Indian Rupee Extends Losses As S&#038;P Downgrades GDP -9%","datePublished":"2020-09-14T11:00:33+00:00","dateModified":"2020-09-14T14:49:47+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/"},"wordCount":370,"image":{"@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","keywords":["gdp","indian rupee","inr","us dollar","usd","usd\/inr","vaccine"],"articleSection":["INR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/","url":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/","name":"USD\/INR: Indian Rupee Extends Losses As S&P Downgrades GDP -9% - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","datePublished":"2020-09-14T11:00:33+00:00","dateModified":"2020-09-14T14:49:47+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104279-usd-inr-indian-rupee-extends-losses-as-sp-downgrades-gdp-9\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Indian Rupee Extends Losses As S&#038;P Downgrades GDP -9%"}]},{"@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\/11\/indian-rupee-exchange-rate.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104583","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=104583"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104583\/revisions"}],"predecessor-version":[{"id":104598,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104583\/revisions\/104598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82827"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=104583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=104583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=104583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}