{"id":112746,"date":"2022-07-14T16:24:41","date_gmt":"2022-07-14T15:24:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112746"},"modified":"2022-07-18T05:46:15","modified_gmt":"2022-07-18T04:46:15","slug":"107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\/","title":{"rendered":"USD\/INR: Rupee Falls To A New Record Low For A Fourth Day"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) falls on USD strength<\/strong><\/li>\n<li><strong>WRI eases to 15%<\/strong><\/li>\n<li><strong>US Dollar (USD) rises as Fed bets build<\/strong><\/li>\n<li><strong>PPI inflation rose to 11.2% YoY<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Thursday for a fifth straight day. The pair settled 0.25% higher on Wednesday at 77.65. At 16:00 UTC, USD\/INR trades +0.15% at 80.05 The pair is set to lose -0.07% across the week.<\/p>\n<p>The Indian Rupee has reached another all-time low, marking the fourth time oer four days. The drop in the Rupee is owing to the surge in the USD. Expectations are for intervention by the central bank to slow the slide in the Rupee.<\/p>\n<p>On the data front, India\u2019s June wholesale inflation held above 15%\u00a0 but was down slightly from 15.88% recorded in September. Hot inflation strengthens the chances of another rate hike from the Reserve Bank of India.<\/p>\n<p>The US Dollar is across the board The US Dollar Index, which measures the greenback versus a basket of major currencies, trades +0.8% at the time of writing at 108.90 adding to gains yesterday<\/p>\n<p>The USD is powering higher, reaching a fresh 2-decade high versus its major peers as investors bet on a more hawkish Federal Reserve Yesterday US inflation, as measured by consumer prices rose to 9.1% year on year in June, ahead d of the 8.8% that analysts had penciled in and up from 8.6% annually recorded in May.<\/p>\n<p>Following the data and hawkish comments from Federal Reserve speaker Bostic expectations rose that the Fed will raise interest rates at a faster pace. The market is now expecting a 100 basis point rate hike in July, up from 75 basis points before the data yesterday. The Fed is now also expected to hike rates by 75 basis points in September, up from 50 basis points previously.<\/p>\n<p>Today wholesale inflation as measured by the producer price index came in above forecasts at 11.2% year on year in June. PPI is often considered a lead indicator for consumer prices so suggests that CPPIa is still not past peak inflation.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls on USD strength WRI eases to 15% US Dollar (USD) rises as Fed bets build PPI inflation rose to 11.2% YoY The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Thursday for a fifth straight day. The pair settled 0.25% higher on Wednesday at 77.65. At 16:00 UTC, USD\/INR [&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-112746","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 To A New Record Low For A Fourth Day - 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\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\/\" \/>\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\\\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Falls To A New Record Low For A Fourth Day\",\"datePublished\":\"2022-07-14T15:24:41+00:00\",\"dateModified\":\"2022-07-18T04:46:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\\\/\"},\"wordCount\":344,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\\\/#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\\\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107174-usd-inr-rupee-falls-to-a-new-record-low-for-a-fourth-day\\\/\",\"name\":\"USD\\\/INR: Rupee Falls To A New Record Low For A Fourth Day - 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