{"id":112348,"date":"2022-05-06T12:04:45","date_gmt":"2022-05-06T11:04:45","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112348"},"modified":"2022-05-09T09:33:21","modified_gmt":"2022-05-09T08:33:21","slug":"107068-usd-inr-pair-rises-ahead-of-us-nfp","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107068-usd-inr-pair-rises-ahead-of-us-nfp\/","title":{"rendered":"USD\/INR: Pair Rises Ahead of US NFP"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls in risk off-trade<\/strong><\/li>\n<li><strong>The RBI could front-load rate hikes more aggressively<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) briefly rises to a 20-year high<\/strong><\/li>\n<li><strong>US non-farm payroll data 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, rising for a second straight day. The pair settled +0.7 higher on at 76.54 on Thursday. At 11:30 UTC, USD\/INR trades +0.31% at 76.78. The pair is on track to gain 0.36% this week, its fourth straight week of gains.<\/p>\n<p>The Rupee is trading domestic equities lower as concerns over inflation and a hawkish Federal Reserve hit risk appetite.<\/p>\n<p>India\u2019s central bank is expected to act more aggressively to rein in inflation after the Fed hiked rates. The RBI is likely to front-load interest rate raises aggressively. Analysts are now forecasting 125-150 basis points of rate hikes over the coming 12 months, up sharply from just 50 basis points expected three months earlier.<\/p>\n<p>The US Dollar is rising versus the Rupee but falling 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 101.45, after briefly rising to a 20-year high of 104.06.<\/p>\n<p>The USD shot high in the previous session, recouping losses after the Federal Reserve meeting. While Federal Reserve Chair Powell said that the Fed would not consider a 75 basis point rate hike in the upcoming Fed meeting, the market wasn\u2019t so sure. Fears over rising inflation, stagflation, and a more hawkish Fed sent US treasury yields back over 3%, and the US Dollar traced yields higher.<\/p>\n<p>Now, attention is turning to the US non-farm payroll report, which is expected to show that 390,000 jobs were added in April, down from 431,000 recorded in March. Unemployment is expected to hold steady at 3.6%, and wages are forecast to tick higher to 5.6%. A strong jobs report could help lift the US dollar index back to a 20-year high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls in risk off-trade The RBI could front-load rate hikes more aggressively US Dollar (USD) briefly rises to a 20-year high US non-farm payroll data due The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Friday, rising for a second straight day. The pair settled +0.7 higher on at 76.54 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1666,1398,1862],"class_list":["post-112348","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: Pair Rises Ahead of US NFP - 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\/107068-usd-inr-pair-rises-ahead-of-us-nfp\/\" \/>\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\\\/107068-usd-inr-pair-rises-ahead-of-us-nfp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107068-usd-inr-pair-rises-ahead-of-us-nfp\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Pair Rises Ahead of US NFP\",\"datePublished\":\"2022-05-06T11:04:45+00:00\",\"dateModified\":\"2022-05-09T08:33:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107068-usd-inr-pair-rises-ahead-of-us-nfp\\\/\"},\"wordCount\":324,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107068-usd-inr-pair-rises-ahead-of-us-nfp\\\/#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\\\/107068-usd-inr-pair-rises-ahead-of-us-nfp\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107068-usd-inr-pair-rises-ahead-of-us-nfp\\\/\",\"name\":\"USD\\\/INR: Pair Rises Ahead of US NFP - 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