{"id":112296,"date":"2022-04-29T12:09:46","date_gmt":"2022-04-29T11:09:46","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112296"},"modified":"2022-04-29T12:10:28","modified_gmt":"2022-04-29T11:10:28","slug":"usd-inr-rupee-rises-usd-awaits-inflation-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-inr-rupee-rises-usd-awaits-inflation-data\/","title":{"rendered":"USD\/INR: Rupee Rises, USD Awaits Inflation Data"},"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) rises despite domestic equities falling \u00a0<\/span><\/strong><\/li>\n<li><strong><span lang=\"EN-US\">Oil jumps on supply concerns\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) falls snapping a 6-day winning run\u00a0<\/span><\/strong><\/li>\n<li><strong><span lang=\"EN-US\">US PCE inflation data due\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 falling on Friday paring gains from the previous session. The pair settled +0.25% higher on Thursday at 76.60. At 11:00 UTC, USD\/INR trades -0.24% at 76.42. The pair is set to trade flat across the week after two straight weeks of gains.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The Rupee is capitalizing on a weaker USD and despite domestic equities finishing lower. The Sensex closed -0.8% lower at 57,060 and the Nifty 50 also ended 0.8% lower at 17,102.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Indian shares closed lower amid concerns over rising inflation. Declines in Reliance Industries and Axis Bank dragged the indices lower.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Meanwhile, oil prices pushed northwards as supply concerns took center stage. Germany has now voted in favour of a Russian oil embargo meaning that the EU is one step closer to banning Russian oil. West Texas Intermediate rose 3% yesterday and trades 1% higher today.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The US Dollar is falling across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.6% at the time of writing at 102.97, snapping a six-day winning run.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The US dollar rose again yesterday despite weaker than expected US economic growth. US economy unexpectedly contracted by -1.4% in the first quarter on the year, annualized, this was down from 6.9% growth in the last quarter of 2021. The reading was well below the 1.1% growth forecast. However the slowdown was due to rising imports and lower inventories rather than consumer spending which actually rose.\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Today the focus is firmly on the US Personal Consumer Expenditure, PCE, which is the Fed\u2019s preferred measure of inflation. Expectations are for PCE to rise higher to 6.5% year on year in March up from 6.4%. However, core PCE is expected to tick lower to 5.3%, down from 5.4%, which could help calm fears over runaway inflation. \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises despite domestic equities falling \u00a0 Oil jumps on supply concerns\u00a0 US Dollar (USD) falls snapping a 6-day winning run\u00a0 US PCE inflation data due\u00a0 The US Dollar Indian Rupee (USD\/INR) exchange rate is falling on Friday paring gains from the previous session. The pair settled +0.25% higher on Thursday at 76.60. [&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-112296","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, USD Awaits Inflation 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-rises-usd-awaits-inflation-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-rises-usd-awaits-inflation-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-rises-usd-awaits-inflation-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Rises, USD Awaits Inflation Data\",\"datePublished\":\"2022-04-29T11:09:46+00:00\",\"dateModified\":\"2022-04-29T11:10:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-rises-usd-awaits-inflation-data\\\/\"},\"wordCount\":327,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-rises-usd-awaits-inflation-data\\\/#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\\\/usd-inr-rupee-rises-usd-awaits-inflation-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-rises-usd-awaits-inflation-data\\\/\",\"name\":\"USD\\\/INR: Rupee Rises, USD Awaits Inflation Data - 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