{"id":111104,"date":"2021-11-16T16:18:26","date_gmt":"2021-11-16T16:18:26","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111104"},"modified":"2021-11-16T17:18:39","modified_gmt":"2021-11-16T17:18:39","slug":"usd-inr-rupee-weakens-aa-trade-deficit-widens","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-inr-rupee-weakens-aa-trade-deficit-widens\/","title":{"rendered":"USD\/INR: Rupee Weakens Aa Trade Deficit Widens"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls, tracing equities lower<\/strong><\/li>\n<li><strong>Indian trade deficit widens<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rallies hard after strong retail sales data.<\/strong><\/li>\n<li><strong>Fed could raise rates sooner<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">USD\/INR<\/a>) exchange rate is heading higher on Tuesday, extending gains from the previous session. The pair settled +0.04% higher on Monday at 74.37. At 16:00 UTC, USD\/INR trades +0.15% at 74.48.<\/p>\n<p>The Rupee is moving lower on Tuesday for a third straight session, tracing domestic equities lower.<\/p>\n<p>On the data front, the Indian trade deficit more than doubled in October compared to the same month a year earlier, as imports increased at a much faster pace than exports.<\/p>\n<p>According to government data the trade deficit came in at $19.73 billion against $9.15 billion deficit the same month a year earlier. Exports rose 43.1% to $35.65 billion, whilst imports rose 62.5% to $55.37 billion. Non-oil imports rose by a lesser 45.9%.<\/p>\n<p>The US Dollar is trading higher versus the Rupee but is holding steady versus major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies trades -0.01% at the time of writing at 95.11 after gaining 0.86% across the previous week taking it to a 16-month high.<\/p>\n<p>The US Dollar is charging higher following impressively strong retail sales data. The value of retail sales rose 1.7% in October compared to the previous month. This was well ahead of the 1.4% forecast and marked a firm increase from the upwardly revised 0.8% from September.<\/p>\n<p>The strong sales data came even though prices are rising at the fastest pace in 30 years and despite consumer sentiment slumping to a 10-year low. Whilst part of the rise is owing to higher petrol prices, early holiday shopping is also playing a part. The strong number suggests that the US economic recovery is on track. The data prompted expectations of a sooner move by the Fed to tighten monetary policy.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls, tracing equities lower Indian trade deficit widens US Dollar (USD) rallies hard after strong retail sales data. Fed could raise rates sooner The US Dollar Indian Rupee (USD\/INR) exchange rate is heading higher on Tuesday, extending gains from the previous session. The pair settled +0.04% higher on Monday at 74.37. At [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47178,"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-111104","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 Weakens Aa Trade Deficit Widens - 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\/usd-inr-rupee-weakens-aa-trade-deficit-widens\/\" \/>\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\\\/usd-inr-rupee-weakens-aa-trade-deficit-widens\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-weakens-aa-trade-deficit-widens\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Weakens Aa Trade Deficit Widens\",\"datePublished\":\"2021-11-16T16:18:26+00:00\",\"dateModified\":\"2021-11-16T17:18:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-weakens-aa-trade-deficit-widens\\\/\"},\"wordCount\":314,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-weakens-aa-trade-deficit-widens\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-us-dollar.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\\\/usd-inr-rupee-weakens-aa-trade-deficit-widens\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-weakens-aa-trade-deficit-widens\\\/\",\"name\":\"USD\\\/INR: Rupee Weakens Aa Trade Deficit Widens - 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