{"id":112925,"date":"2022-08-18T08:06:59","date_gmt":"2022-08-18T07:06:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=112925"},"modified":"2022-08-18T08:08:47","modified_gmt":"2022-08-18T07:08:47","slug":"107221-usd-inr-rupee-down-following-feds-dovish-stance","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107221-usd-inr-rupee-down-following-feds-dovish-stance\/","title":{"rendered":"USD\/INR: Rupee Down Following Fed\u2019s Dovish Stance"},"content":{"rendered":"<ul>\n<li>Rupee give back early gains to close down against the USD<\/li>\n<li>Dovish Fed left the USD indecisive<\/li>\n<li>Firm treasury yields support the US dollar<\/li>\n<li>US weekly jobless claims eyed next<\/li>\n<\/ul>\n<p>Indian Rupee weakens again despite the slight dovish tone that the Fed took. At the foreign exchange market, the value of the Rupee depreciated by 17 paise on Wednesday settling down -0.21% at 79.34 against the US dollar. The USD\/INR exchange rate was seen trading on Thursday within a trading range of 79.34 and 79.63.<\/p>\n<p>Currently, one US dollar buys 79.60 rupees, up 0.36% as of 7:00 AM UTC.<\/p>\n<p>Fed policy members saw no signs of easing inflation the FOMC minutes revealed on Wednesday. At the same time, the Fed also sees it appropriate to slow the pace of rate hikes, but it would be data-dependent.<\/p>\n<p>The dollar index, which gauges the greenback&#8217;s strength against a basket of major currencies settled up +0.18% at 106.66.<\/p>\n<p>Meanwhile, retail sales in the US were broadly weaker in July down from 0.8% in June to 0.0% suggesting a deterioration in consumer spending.<\/p>\n<p>Elsewhere, according to the National Stock Exchange of India, domestic institutional investors were net sellers in the local equity market worth Rs 510.23 crore while foreign portfolio investors continued to support the local equity market and bought shares worth Rs 2,347.22 crore.<\/p>\n<p>The domestic benchmark equity index NIFTY 50 settled up 0.67% at 17,944.25 on Wednesday.<\/p>\n<p>The Indian 10-year government bond yield was seen up 0.99% at 7.253%.<\/p>\n<p>Looking forward, the number of Americans filing first-time unemployment claims is expected to increase to 262k \u2013 the highest reading since January 20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rupee give back early gains to close down against the USD Dovish Fed left the USD indecisive Firm treasury yields support the US dollar US weekly jobless claims eyed next Indian Rupee weakens again despite the slight dovish tone that the Fed took. At the foreign exchange market, the value of the Rupee depreciated by [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":82150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1408,1612,1862],"class_list":{"0":"post-112925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-fed","10":"tag-fomc-minutes","11":"tag-usd-inr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: Rupee Down Following Fed\u2019s Dovish Stance - 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\/107221-usd-inr-rupee-down-following-feds-dovish-stance\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\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\\\/107221-usd-inr-rupee-down-following-feds-dovish-stance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107221-usd-inr-rupee-down-following-feds-dovish-stance\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/INR: Rupee Down Following Fed\u2019s Dovish Stance\",\"datePublished\":\"2022-08-18T07:06:59+00:00\",\"dateModified\":\"2022-08-18T07:08:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107221-usd-inr-rupee-down-following-feds-dovish-stance\\\/\"},\"wordCount\":260,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107221-usd-inr-rupee-down-following-feds-dovish-stance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg\",\"keywords\":[\"fed\",\"fomc minutes\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107221-usd-inr-rupee-down-following-feds-dovish-stance\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107221-usd-inr-rupee-down-following-feds-dovish-stance\\\/\",\"name\":\"USD\\\/INR: Rupee Down Following Fed\u2019s Dovish Stance - 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