{"id":109778,"date":"2021-05-03T18:52:44","date_gmt":"2021-05-03T17:52:44","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=109778"},"modified":"2021-06-04T12:23:37","modified_gmt":"2021-06-04T11:23:37","slug":"105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/","title":{"rendered":"USD\/INR: Rupee Strengthen, USD Falls On Weak PMIs"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) advances despite covid crisis<\/strong><\/li>\n<li><strong>Domestic equities close marginally lower<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) falls versus major peers<\/strong><\/li>\n<li><strong>US ISM manufacturing unexpectedly dropped<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/INR<\/a>) exchange rate is trading lower on Monday, extending losses from the previous week. The pair lost -1.53% across last week settling at 74.05. At 16:00 UTC, USD\/INR trades -0.2% at 73.89.<\/p>\n<p>The Rupee continued to advance despite the ongoing covid crisis and a slight dip in equities. Even so volumes are low owing to the May Day Bank Holiday in parts of China.<\/p>\n<p>Daily covid cases in India showed a very marginal improvement with 368,147 new daily cases, however the situation remains dire. Furthermore, vaccinations are plummeting with just 12% of the 1.35 billion fully or partially vaccinated.<\/p>\n<p>Meanwhile the Sensex closed 0.1% lower and the Nifty 50 closed flat.<\/p>\n<p>Looking ahead, the key data releases this week for the Rupee are likely to be consumer price index and the industrial price index.<\/p>\n<p>The US Dollar is falling versus the Indian Rupee and versus its major peers on Friday. The US Dollar Index, which measures the greenback versus a basket of major currencies trades -0.4% at the time of writing at 90.90.<\/p>\n<p>The US Dollar came under pressure after disappointing manufacturing PMI numbers. The closely watched ISM manufacturing PMI unexpectedly dropped sharply in April after a strong first quarter. The PMI came in at 60.7, well down from March\u2019s 64.7 and short of the 65 that analysts had forecast.<\/p>\n<p>The slow down in manufacturing has been caused by widespread shortages of parts, material &amp; labour and threatens to put the brakes on the economic recovery. Even so, it is worth noting that any reading over 60 is still exceptional.<\/p>\n<p>This year has been a surprisingly strong year for US manufacturing which has helped to drive the economic recovery.<\/p>\n<p>Whilst there is no more data due today, investors will look ahead to US factory order due tomorrow.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) advances despite covid crisis Domestic equities close marginally lower US Dollar (USD) falls versus major peers US ISM manufacturing unexpectedly dropped The US Dollar Indian Rupee (USD\/INR) exchange rate is trading lower on Monday, extending losses from the previous week. The pair lost -1.53% across last week settling at 74.05. At 16:00 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47071,"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-109778","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 Strengthen, USD Falls On Weak PMIs - 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\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\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\\\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Strengthen, USD Falls On Weak PMIs\",\"datePublished\":\"2021-05-03T17:52:44+00:00\",\"dateModified\":\"2021-06-04T11:23:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\\\/\"},\"wordCount\":326,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/usd-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\\\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\\\/\",\"name\":\"USD\\\/INR: Rupee Strengthen, USD Falls On Weak PMIs - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/INR: Rupee Strengthen, USD Falls On Weak PMIs - 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\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/INR: Rupee Strengthen, USD Falls On Weak PMIs","datePublished":"2021-05-03T17:52:44+00:00","dateModified":"2021-06-04T11:23:37+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/"},"wordCount":326,"image":{"@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/usd-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\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/","url":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/","name":"USD\/INR: Rupee Strengthen, USD Falls On Weak PMIs - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/usd-inr.jpg","datePublished":"2021-05-03T17:52:44+00:00","dateModified":"2021-06-04T11:23:37+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/usd-inr.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/usd-inr.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105634-usd-inr-rupee-strengthen-usd-falls-on-weak-pmis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Rupee Strengthen, USD Falls On Weak PMIs"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. 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