{"id":110622,"date":"2021-09-06T12:00:14","date_gmt":"2021-09-06T11:00:14","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=110622"},"modified":"2021-09-06T11:55:12","modified_gmt":"2021-09-06T10:55:12","slug":"105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\/","title":{"rendered":"USD\/INR: Rupee Under Pressure Versus Rebounding US Dollar"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) eases despite stronger equities<\/strong><\/li>\n<li><strong>Oil prices fall on Saudi price cut<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rise after slumping following weak NFP<\/strong><\/li>\n<li><strong>US stock markets shut in observance of Labour Day<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/INR<\/a>) exchange rate is edging higher on Monday, paring some of the losses from the previous week. The pair lost -0.66% last week, settling on Friday at 72.98 towards the low of the week. At 11:30 UTC, USD\/INR trades +0.15% higher at 73.09.<\/p>\n<p>The Rupee is under pressure against a stronger US Dollar. The Rupee has failed to trace equities higher. Indian equities trade near record highs boosted by heavyweight Reliance and as shares across Asia benefitted from raised hopes of continued economic support from the US Federal Reserve following the disappointing US non-farm payroll numbers.<\/p>\n<p>Separately oil prices are also edging lower after Saudi Arabia cut the price of oil to Asian buyers by significantly more than expected. WTI trades -0.8%.<\/p>\n<p>The US Dollar is pushing higher across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies trades+0.25% at the time of writing at 92.28 after loosing 0.7% across last week.<\/p>\n<p>The US Dollar is attempting to push higher after steep losses last week. The losses came following a huge miss on the US non-farm payroll report as the earlier summer wave of hiring cooled.<\/p>\n<p>The closely watched report revealed that just 235,000 new jobs were added in August, well short of the 750,000 that analysts had been expecting. The July figure was upwardly revised to over 1.053 million.<\/p>\n<p>This was the fewest jobs added since January. Still, it did mark the eighth consecutive month of net growth in the labour market.<\/p>\n<p>The unemployment rate fell to 5.2%, down from 5.4% but still remained well above the 50-year average of 3.5%.<\/p>\n<p>The disappointing data saw investors push back on expectations of the Fed moving to tighten monetary policy sooner.<\/p>\n<p>Today, investors are re-assessing the chances of a Fed move. The Fed will look to taper bond purchases the only question is when.<\/p>\n<p>The US is closed for labour day public holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) eases despite stronger equities Oil prices fall on Saudi price cut US Dollar (USD) rise after slumping following weak NFP US stock markets shut in observance of Labour Day The US Dollar Indian Rupee (USD\/INR) exchange rate is edging higher on Monday, paring some of the losses from the previous week. The [&hellip;]<\/p>\n","protected":false},"author":163946598,"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":["post-110622","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 Under Pressure Versus Rebounding US Dollar - 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\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\/\" \/>\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\\\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Under Pressure Versus Rebounding US Dollar\",\"datePublished\":\"2021-09-06T11:00:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\\\/\"},\"wordCount\":355,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\\\/#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\\\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105861-usd-inr-rupee-under-pressure-versus-rebounding-us-dollar\\\/\",\"name\":\"USD\\\/INR: Rupee Under Pressure Versus Rebounding US Dollar - 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