{"id":112147,"date":"2022-04-01T12:00:30","date_gmt":"2022-04-01T11:00:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112147"},"modified":"2022-04-04T10:11:01","modified_gmt":"2022-04-04T09:11:01","slug":"usd-inr-rupee-edges-lower-ahead-of-us-jobs-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-inr-rupee-edges-lower-ahead-of-us-jobs-data\/","title":{"rendered":"USD\/INR: Rupee Edges Lower Ahead of US Jobs Data"},"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 oil prices falling<\/strong><\/li>\n<li><strong>Oil price ease below $100<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises ahead of critical data<\/strong><\/li>\n<li><strong>US non-farm payroll due<\/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 rising on Friday, extending gains for a third straight session. The pair settled +0.13% higher on Thursday at 75.90. At 10:00 UTC, USD\/INR trades +0.08% at 75.96. The pair is on track to lose 0.4% this week.<\/p>\n<p>The Rupee fell yesterday in risk-off trade after Putin announced that payments for gas must be paid in Rubles from today. The announcement sent equities lower across the globe.<\/p>\n<p>Falling oil prices have been supporting the Rupee. Yesterday, the US said it would release 1 million barrels of oil a day into the market. The prospect of a steady oil supply has brought the price back below $100.<\/p>\n<p>Today concerns over slowing growth in China are hurting demand for the Rupee, although domestic equities are pushing higher.<\/p>\n<p>The US Dollar is rising across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades +0.16% at the time of writing at 98.47, building on gains from the previous session.<\/p>\n<p>The US dollar is edging higher ahead of the closely watched US labour market report, the non-farm payroll. The report is expected to show 490k jobs were added in March, after strong headline numbers in January and February.<\/p>\n<p>The ADP private payroll report is considered a good lead indicator, which showed strong job gains of 455,000 in the private sector. Furthermore, the US initial jobless claims remain near historically low levels.<\/p>\n<p>The Federal Reserve raised interest rates by 25 basis points in the March meeting. Since then, the Fed has sounded even more hawkish, with the market pricing in a 70% probability of a 50 basis point interest rate rise in May.<\/p>\n<p>Strong non-farm payroll numbers could boost the case for a 50 basis point hike and send the US dollar higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) eases despite oil prices falling Oil price ease below $100 US Dollar (USD) rises ahead of critical data US non-farm payroll due The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Friday, extending gains for a third straight session. The pair settled +0.13% higher on Thursday at 75.90. At 10:00 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5579,"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-112147","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 Edges Lower Ahead of US Jobs Data - 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-edges-lower-ahead-of-us-jobs-data\/\" \/>\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-edges-lower-ahead-of-us-jobs-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-edges-lower-ahead-of-us-jobs-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Edges Lower Ahead of US Jobs Data\",\"datePublished\":\"2022-04-01T11:00:30+00:00\",\"dateModified\":\"2022-04-04T09:11:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-edges-lower-ahead-of-us-jobs-data\\\/\"},\"wordCount\":324,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-edges-lower-ahead-of-us-jobs-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100629-gbp-usd-fed-and-boe-accouncements.jpg\",\"keywords\":[\"inr\",\"usd\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-edges-lower-ahead-of-us-jobs-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-edges-lower-ahead-of-us-jobs-data\\\/\",\"name\":\"USD\\\/INR: Rupee Edges Lower Ahead of US Jobs Data - 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