{"id":108152,"date":"2021-02-02T12:59:06","date_gmt":"2021-02-02T12:59:06","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108152"},"modified":"2021-02-02T14:20:21","modified_gmt":"2021-02-02T14:20:21","slug":"105337-usd-inr-rupee-rises-as-domestic-equities-surge","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\/","title":{"rendered":"USD\/INR: Rupee Rises As Domestic Equities Surge"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) rebounds lifted by solid gains in stocks<\/strong><\/li>\n<li><strong>Sensex +2.4% Nifty +2.5% following yesterday\u2019s budget<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises thanks to a weakening Euro<\/strong><\/li>\n<li><strong>US macro data picks up from tomorrow<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/INR<\/a>) exchange rate is declining on Tuesday, paring gains from the previous session. The pair settled +0.3% higher on Monday at 73.11. At 12:45 UTC, USD\/INR trades -0.15% at 72.99 at the low of the day.<\/p>\n<p>The Indian Rupee traced domestic equities higher on Tuesday. India\u2019s main stock indices ended the session at record highs lifted by gains in financials and infrastructure following from the government\u2019s latest budget.<\/p>\n<p>Yesterday the government unveiled plans to boost spending in an effort to revive economic growth in the country\u2019s pandemic hit economy. The budget showed that healthcare spending would increase by 135%, caps would be lifted on foreign investment in its insurance market and capital expenditure would be hiked by 35% in 2021\/22.<\/p>\n<p>The Sensex closed 2.4% higher whilst the blue chip Nifty 50 settled 2.57% higher on Tuesday. Private lender HDFC was the largest gainer, jumping 5.7%.<\/p>\n<p>Looking ahead service sector PMI data will be released tomorrow. Analysts are expecting a slight increase in the rate of expansion to 53, up from 52.7 in January. The figure 50 separates expansion from contraction.<\/p>\n<p>The US Dollar trends lower versus the Indian Rupee. However, it is advancing versus its major peers. At the time of writing the US Dollar Index trades +0.15% over the key 91.00 level.<\/p>\n<p>Despite the broad risk on mood in the market as reflected in stronger equities across the board, the safe haven US dollar is still advancing. Usually, the US Dollar falls when stocks in risk on trade.<\/p>\n<p>However, the US Dollar is being boosted thanks to weakness in its largest rival the Euro. Concerns over the Eurozone\u2019s coronavirus situation \u00a0and its slow vaccine rollout is dragging on demand for the common currency boosting the US Dollar.<\/p>\n<p>There is no high impacting US data due to be released today. However macro releases will start picking up tomorrow ahead of Friday\u2019s US non farm payroll.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rebounds lifted by solid gains in stocks Sensex +2.4% Nifty +2.5% following yesterday\u2019s budget US Dollar (USD) rises thanks to a weakening Euro US macro data picks up from tomorrow The US Dollar Indian Rupee (USD\/INR) exchange rate is declining on Tuesday, paring gains from the previous session. The pair settled +0.3% [&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":[1666,1398,1862],"class_list":{"0":"post-108152","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-usd","11":"tag-usd-inr"},"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 Rises As Domestic Equities Surge - 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\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\/\" \/>\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\\\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee Rises As Domestic Equities Surge\",\"datePublished\":\"2021-02-02T12:59:06+00:00\",\"dateModified\":\"2021-02-02T14:20:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\\\/\"},\"wordCount\":351,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"inr\",\"usd\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105337-usd-inr-rupee-rises-as-domestic-equities-surge\\\/\",\"name\":\"USD\\\/INR: Rupee Rises As Domestic Equities Surge - 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