{"id":110222,"date":"2021-06-28T12:44:06","date_gmt":"2021-06-28T11:44:06","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=110222"},"modified":"2021-06-28T12:44:40","modified_gmt":"2021-06-28T11:44:40","slug":"105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/","title":{"rendered":"USD\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) struggles to gain as oil prices remain high<\/strong><\/li>\n<li><strong>Domestic equities offer little direction<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) slips after weaker PCE inflation data<\/strong><\/li>\n<li><strong>US data releases pick 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 holding steady at the start of the week after booking mild gains last week. The pair gained 0.15% across the previous week settling on Friday at 74.21. At 11:40 UTC, USD\/INR trades -0.02% lower at 74.19.<\/p>\n<p>Persistently high oil prices are capping any gains in the Rupee. Oil prices in both benchmarks hit fresh two and a half year highs in early trade on Monday, before easing lower. Fuel demand is surging in the northern hemisphere as economies reopen. Meanwhile the OPEC+output restrictions mean that the supply side is limited. \u00a0Later in the week the OPEC+ group will look to address the supply demand imbalance.<\/p>\n<p>Elsewhere, Indian shares wee flat offering little in the way direction for the Rupee. Gains in pharamacurtical stocks were largely offset by weakness in the technology sector.<\/p>\n<p>The US Dollar is falling lower across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies trades -0.07% at the time of writing at 91.79 extending losses from the previous week.<\/p>\n<p>The US Dollar is edging lower in a quiet start to the week as investors digest rising covid cases and inflation data.<\/p>\n<p>The mood in the market is tepid, equities are heading lower as concerns over rising covid cases in Asia and the UK hit risk sentiment, offering some support to the safe haven US Dollar.<\/p>\n<p>On the other hand, slightly weaker than forecast PCE inflation data on Friday is keeping the pressure on the greenback. US PCE, the Fed\u2019s preferred measure of inflation came in at 0.5% month on month in May, below the 0.6% expected and down from 0.7% in April. The softer print eased concerns that the Federal Reserve could look to move sooner to tighten monetary policy.<\/p>\n<p>This week, starting tomorrow, there is plenty of data for investors to digest ahead of Friday\u2019s closely watched non-farm payroll report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) struggles to gain as oil prices remain high Domestic equities offer little direction US Dollar (USD) slips after weaker PCE inflation data US data releases pick up from tomorrow The US Dollar Indian Rupee (USD\/INR) exchange rate is holding steady at the start of the week after booking mild gains last week. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82159,"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":["post-110222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-inr","category-usd","tag-inr","tag-usd","tag-usd-inr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices - 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\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/\" \/>\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\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices\",\"datePublished\":\"2021-06-28T11:44:06+00:00\",\"dateModified\":\"2021-06-28T11:44:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/\"},\"wordCount\":363,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.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\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/\",\"name\":\"USD\\\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"datePublished\":\"2021-06-28T11:44:06+00:00\",\"dateModified\":\"2021-06-28T11:44:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"width\":1200,\"height\":675,\"caption\":\"usd-inr-bank-notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices\"}]},{\"@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. 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 Treads Water, Amid A Weaker USD But Elevated Oil Prices - 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\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices","datePublished":"2021-06-28T11:44:06+00:00","dateModified":"2021-06-28T11:44:40+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/"},"wordCount":363,"image":{"@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.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\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/","url":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/","name":"USD\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg","datePublished":"2021-06-28T11:44:06+00:00","dateModified":"2021-06-28T11:44:40+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg","width":1200,"height":675,"caption":"usd-inr-bank-notes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105749-usd-inr-rupee-treads-water-amid-a-weaker-usd-but-elevate-oil-prices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Rupee Treads Water, Amid A Weaker USD But Elevated Oil Prices"}]},{"@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. 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\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/110222","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\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=110222"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/110222\/revisions"}],"predecessor-version":[{"id":110223,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/110222\/revisions\/110223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82159"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=110222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=110222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=110222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}