{"id":108098,"date":"2021-01-29T14:56:25","date_gmt":"2021-01-29T14:56:25","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108098"},"modified":"2021-01-29T15:02:13","modified_gmt":"2021-01-29T15:02:13","slug":"105322-usd-inr-rupee-advances-ahead-of-mondays-budget","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\/","title":{"rendered":"USD\/INR: Rupee Advances Ahead of Monday\u2019s Budget"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) builds on gains<\/strong><\/li>\n<li><strong>11% growth for coming year expected<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) slips after PCE rises<\/strong><\/li>\n<li><strong>US consumer confidence up next<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/INR<\/a>) exchange rate is edging lower on Friday extending losses for a second d straight session. The pair settled -0.2% at 72.92. At 13:30 UTC, USD\/INR trades -0.1% at 72.85<\/p>\n<p>India announced that it expects a rebound in economic growth of 11% for the coming fiscal year in its annual economic survey following a huge vaccination programme and a rebound in consumer demand.<\/p>\n<p>Earlier in the week the International Monetary Fund said that it expected the Indian economy to contract -7.7% in the current fiscal year to March 31<sup>st<\/sup> in its worst annual performance in 40 years.<\/p>\n<p>The projections of 11% growth form the basis for the key figures in the Federal Budge due to be announced on Monday 1<sup>st<\/sup> February.<\/p>\n<p>India\u2019s government has promised game changing plans to boost economic growth in the 2021\/22 budget. Areas such as healthcare spending, a privatization drive and import duty are expected to be in focus. However, this year\u2019s Budget will be a much tougher balancing act than most years in light of covid.<\/p>\n<p>The US Dollar is trading marginally lower versus its major peers after advancing in early trade. The US Dollar Index (DXY)which measures the greenback versus 6 major peers trades -0.07% at 90.41.<\/p>\n<p>US Personal Expenditure Price Index (PCE) the Federal Reserve\u2019s preferred measure of inflation edged higher to 1.3% from 1.1% in November. On a monthly basis the PCE index rose 0.4% from 0%. More importantly, the core PCE rose to 1.5%, up from 1.3%.<\/p>\n<p>The data come following US Q4 GDP which printed inline with expectations. The US economy grew 4% in the final three months of the year, in-line with expectations.<\/p>\n<p>Attention will now turn to Michigan consumer confidence. Investors will be keen to see how confidence is holding up as the labour market shows signs of strain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) builds on gains 11% growth for coming year expected US Dollar (USD) slips after PCE rises US consumer confidence up next The US Dollar Indian Rupee (USD\/INR) exchange rate is edging lower on Friday extending losses for a second d straight session. The pair settled -0.2% at 72.92. At 13:30 UTC, USD\/INR [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":47015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1666,3391,1398],"class_list":{"0":"post-108098","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-inr","10":"tag-inr-usd","11":"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 Advances Ahead of Monday\u2019s Budget - 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\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\/\" \/>\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\\\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee Advances Ahead of Monday\u2019s Budget\",\"datePublished\":\"2021-01-29T14:56:25+00:00\",\"dateModified\":\"2021-01-29T15:02:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\\\/\"},\"wordCount\":328,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"inr\",\"INR\\\/USD\",\"usd\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105322-usd-inr-rupee-advances-ahead-of-mondays-budget\\\/\",\"name\":\"USD\\\/INR: Rupee Advances Ahead of Monday\u2019s Budget - 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