{"id":112612,"date":"2022-06-21T12:00:03","date_gmt":"2022-06-21T11:00:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112612"},"modified":"2022-06-22T11:25:40","modified_gmt":"2022-06-22T10:25:40","slug":"107140-usd-inr-rupee-falls-with-powell-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107140-usd-inr-rupee-falls-with-powell-in-focus\/","title":{"rendered":"USD\/INR: Rupee Falls With Powell In Focus"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) slips after yesterday\u2019s gains<\/strong><\/li>\n<li><strong>India\u2019s domestic equities see best performance in 3-weeks<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) falls versus major peers<\/strong><\/li>\n<li><strong>Fed Powell comments awaited<\/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 after losses in the previous session. The pair dropped -0.08% yesterday, settling at 78.06. At 11:00 UTC, USD\/INR trades +0.22% at 78.07.<\/p>\n<p>The Rupee is trending lower despite a broad risk-on mood in the market. Global equities are advancing, including the Sensex and Nifty 50, with shares set for the best daily performance in three weeks. Strong gains in metal and tech stocks are lifting shares even as concerns over inflation and aggressive central banks remain.<\/p>\n<p>Oil prices are heading higher on tight supply concerns, owing to the Western sanctions on Russian oil. West Texas Intermediate trades over 1.2% higher back above $110.00. Demand is expected to improve further as China re-opens following its COVID outbreak. Rising oil pr ices are a headache for India, which imports over 80% of its oil requirements.<\/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 -0.33% lower at the time of writing at 104.10 extending losses from yesterday.<\/p>\n<p>The US dollar continues to fall as concerns over a recession in the country rise. Investment Bank Goldman Sachs now see a 30% chance of the US economy dropping into recession over the coming 12 months. This was up from 15% probability previously.<\/p>\n<p>The forecast has been upwardly revised after the US Federal Reserve raises interest rates by 75 basis points in the June meeting in order to tame inflation which has risen to a 4-decade high. The central bank is expected to continue hiking interest rates across the year.<\/p>\n<p>There is no high-impacting US data due to be released today. However, attention will be on Federal Reserve Chair Powell\u2019s pre-released remarks ahead of the monetary policy testimony before Congress tomorrow. Investors will be looking for clues that the Fed could hike rates by 75 basis points again, which could help the USD higher.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) slips after yesterday\u2019s gains India\u2019s domestic equities see best performance in 3-weeks US Dollar (USD) falls versus major peers Fed Powell comments awaited The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Tuesday after losses in the previous session. The pair dropped -0.08% yesterday, settling at 78.06. At 11:00 UTC, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47269,"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-112612","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 Falls With Powell In Focus - 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\/107140-usd-inr-rupee-falls-with-powell-in-focus\/\" \/>\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\\\/107140-usd-inr-rupee-falls-with-powell-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107140-usd-inr-rupee-falls-with-powell-in-focus\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Falls With Powell In Focus\",\"datePublished\":\"2022-06-21T11:00:03+00:00\",\"dateModified\":\"2022-06-22T10:25:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107140-usd-inr-rupee-falls-with-powell-in-focus\\\/\"},\"wordCount\":357,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107140-usd-inr-rupee-falls-with-powell-in-focus\\\/#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\\\/107140-usd-inr-rupee-falls-with-powell-in-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107140-usd-inr-rupee-falls-with-powell-in-focus\\\/\",\"name\":\"USD\\\/INR: Rupee Falls With Powell In Focus - 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