{"id":112282,"date":"2022-04-27T12:10:30","date_gmt":"2022-04-27T11:10:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112282"},"modified":"2022-04-27T12:10:54","modified_gmt":"2022-04-27T11:10:54","slug":"107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\/","title":{"rendered":"USD\/INR: Rupee Rises Despite USD Hitting A 2-Year High"},"content":{"rendered":"<ul>\n<li><strong><span lang=\"EN-US\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) shows resilience\u00a0<\/span><\/strong><\/li>\n<li><strong><span lang=\"EN-US\">Domestic equities fall and oil rises\u00a0<\/span><\/strong><\/li>\n<li><strong><span lang=\"EN-US\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises to a 2 year high versus major peers\u00a0<\/span><\/strong><\/li>\n<li><strong><span lang=\"EN-US\">US pending home sales due later\u00a0<\/span><\/strong><\/li>\n<\/ul>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">USD\/INR<\/a>) exchange rate is ticking lower on Wednesday for a second straight day.\u00a0\u00a0The pair settled -0.08% lower on Tuesday at 76.66. At 10:00 UTC, USD\/INR trades -0.05% at 76.62. \u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The Rupee is managing to push higher, showing resilience against the stronger USD even as domestic equities fall and oil prices rise.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Indian shares traced Asian peers lower on Wednesday as the market mood soured over fears of a slowdown in global growth.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The Sensex trades -0.9% lower at 56,845 after booking strong gains yesterday. The Nifty 50 trades 0.7% lower at 17,077 after a 1.5% rally yesterday.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Oil prices are edging up after rising 3.2% yesterday following Russia cutting off Poland and Bulgaria\u2019s oil supply. Putin is insisting that the gas be paid for in rubles. West Texas Intermediate trade back over $100 per barrel. \u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Rising oil prices can drag on demand for the Rupee as India imports 80% of its oil requirements, meaning that a rise in oil prices could hurt economic growth.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The US Dollar is falling versus the Rupee but gains versus its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades +0.3% at the time of writing at 102.76 a fresh 2-year high.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The USD is rising versus its major peers, boosted by safe-haven flows. Fears over slowing global growth are boosting demand for the greenback. \u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Energy prices continue to rise as Russia cuts European gas supplies which will mean that inflation has higher to run. Central banks may need to hike interest rates further, threatening recession.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Concerns over China\u2019s rising COVID cases and the prospect of more lockdowns are adding to dollar demand as well as expectations that the Fed will hike interest rates aggressively.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">There is no high impacting US data due today, just mid-tier pending home sales. Sentiment could be a bigger driver, with investors watching developments in Europe closely.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) shows resilience\u00a0 Domestic equities fall and oil rises\u00a0 US Dollar (USD) rises to a 2 year high versus major peers\u00a0 US pending home sales due later\u00a0 The US Dollar Indian Rupee (USD\/INR) exchange rate is ticking lower on Wednesday for a second straight day.\u00a0\u00a0The pair settled -0.08% lower on Tuesday at 76.66. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47269,"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-112282","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 Despite USD Hitting A 2-Year High - 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\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\/\" \/>\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\\\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Rises Despite USD Hitting A 2-Year High\",\"datePublished\":\"2022-04-27T11:10:30+00:00\",\"dateModified\":\"2022-04-27T11:10:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\\\/\"},\"wordCount\":350,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.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\\\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107052-usd-inr-rupee-rises-despite-usd-hitting-a-2-year-high\\\/\",\"name\":\"USD\\\/INR: Rupee Rises Despite USD Hitting A 2-Year High - 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