{"id":112205,"date":"2022-04-11T12:00:38","date_gmt":"2022-04-11T11:00:38","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112205"},"modified":"2022-04-11T19:11:20","modified_gmt":"2022-04-11T18:11:20","slug":"107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\/","title":{"rendered":"USD\/INR: Rupee Rises After RBI Takes Steps To Tame Inflation"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) rises after RBI meeting on Friday<\/strong><\/li>\n<li><strong>RBI looking to a more neutral monetary policy<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises versus major peers for a 9<sup>th<\/sup> day<\/strong><\/li>\n<li><strong>US Fed speakers in focus<\/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 edging lower on Monday after booking small losses across last week. The pair shed 0.05% last week, settling on Friday at 75.93. At 10:00 UTC, USD\/INR trades -0.06% at 75.89.<\/p>\n<p>The Rupee strengthened last week after The Reserve Bank of India indicated that it was starting to move away from its ultra-loose monetary policy, even as it kept interest rates at a record low level. The central bank highlighted that its priorities were changing towards reining in surging inflation amid the fallout from the Russia Ukraine war.<\/p>\n<p>The RBI said that it would restore its liquidity adjustment facility corridor to pre-pandemic levels in a move that surprised the markets. This is considered to be the first move away from the emergency measures applied as the pandemic hit the country and its economy.<\/p>\n<p>The general expectation is that the RBI will now move towards a more neutral monetary policy.<\/p>\n<p>The US Dollar is falling versus the Rupee but is holding steady versus its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at +0.0% at the time of writing at 98.80 after jumping 1.1% across last week.<\/p>\n<p>The US Dollar rallied last week after the minutes of the latest Fed meeting showed that the Federal Reserve was looking to adopt a more aggressive path to monetary policy normalization. Expectations of a 50 basis point rate hike in May have ramped up, and the Fed also intends to trim its balance sheet rapidly.<\/p>\n<p>St Louis Fed President James Bullard, renowned for his hawkish stance, said that the central bank needs to raise interest rates by another 3% before the end of the year.<\/p>\n<p>Today there is no high impacting US economic data. Instead, several Fed officials will be speaking. More hawkish rhetoric could send the US Dollar higher back towards 100.00 and two-year highs.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises after RBI meeting on Friday RBI looking to a more neutral monetary policy US Dollar (USD) rises versus major peers for a 9th day US Fed speakers in focus The US Dollar Indian Rupee (USD\/INR) exchange rate is edging lower on Monday after booking small losses across last week. The pair [&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-112205","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 Rises After RBI Takes Steps To Tame Inflation - 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\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\/\" \/>\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\\\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Rises After RBI Takes Steps To Tame Inflation\",\"datePublished\":\"2022-04-11T11:00:38+00:00\",\"dateModified\":\"2022-04-11T18:11:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\\\/\"},\"wordCount\":358,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\\\/#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\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107034-usd-inr-rupee-rises-after-rbi-takes-steps-to-tame-inflation\\\/\",\"name\":\"USD\\\/INR: Rupee Rises After RBI Takes Steps To Tame Inflation - 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