{"id":112366,"date":"2022-05-10T12:00:59","date_gmt":"2022-05-10T11:00:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112366"},"modified":"2022-05-11T06:00:03","modified_gmt":"2022-05-11T05:00:03","slug":"107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\/","title":{"rendered":"USD\/INR: Rupee Continues Falling To  A Fresh Record Low"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls as inflation is expected to rise<\/strong><\/li>\n<li><strong>RBI could be prompted to act again to rein in inflation<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) eases from 20-year high<\/strong><\/li>\n<li><strong>US Fed speakers 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 Tuesday for a fifth straight session. The pair settled +0.53% higher on Monday at 77.33. At 10:30 UTC, USD\/INR trades +0.05% at 77.40 a new record high.<\/p>\n<p>India\u2019s retail inflation is expected to have soared to an 18-month high in April, boosted by rising fuel and food prices and remaining above the Reserve Bank of India\u2019s upper tolerance band for a fourth straight month.<\/p>\n<p>Inflation in India is set to rise to 7.5% year on year in April, up from 6.95% in March, according to a Reuters poll of 45 economists. If inflation comes in at this level, it would mark the highest inflation rate since October 2020 and would still be well above the RBI\u2019s 6% limit.<\/p>\n<p>The high inflation outlook prompted the RBI to raise its repo rate for the first time since 2018, lifting it by 40 basis points to 4.4% in a surprise meeting last week. The move by the RBI came just ahead o the Fed\u2019s 50 basis point rate hike last week.<\/p>\n<p>The US Dollar is across the board. \u00a0The US Dollar Index, which measures the greenback versus a basket of major currencies, trades +0.05% higher at writing at 103.70, after briefly rising to a 20-year high over 104.00 yesterday.<\/p>\n<p>The USD surged in the previous session, boosted by safe-haven flows and hawkish Fed bets. Risk assets sold off, and investors sought out the safe-haven properties of the USD amid risks of slowing global growth.<\/p>\n<p>Today the US dollar is easing from 20-year highs after comments from Fed speaker Bostic who said that he believed that a 75 basis point hike wouldn\u2019t be necessary, calming market fears that an aggressive Fed could tip the economy into recession.<\/p>\n<p>There is no high-impacting US data due to be released today. Instead, more Fed speakers are due to hit the airwaves.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls as inflation is expected to rise RBI could be prompted to act again to rein in inflation US Dollar (USD) eases from 20-year high US Fed speakers due The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Tuesday for a fifth straight session. The pair settled +0.53% higher on [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47015,"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-112366","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 Continues Falling To A Fresh Record Low - 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\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\/\" \/>\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\\\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Continues Falling To A Fresh Record Low\",\"datePublished\":\"2022-05-10T11:00:59+00:00\",\"dateModified\":\"2022-05-11T05:00:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\\\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.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\\\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107072-usd-inr-rupee-continues-falling-to-a-fresh-record-low\\\/\",\"name\":\"USD\\\/INR: Rupee Continues Falling To A Fresh Record Low - 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