{"id":113337,"date":"2022-11-01T13:30:12","date_gmt":"2022-11-01T13:30:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113337"},"modified":"2022-11-02T09:58:03","modified_gmt":"2022-11-02T09:58:03","slug":"107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\/","title":{"rendered":"USD\/INR: Rupee rises as manufacturing activity shows resilience"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) rises as manufacturing PMI rises to 55.3<\/strong><\/li>\n<li><strong>Domestic equities also rise in risk-on trade<\/strong><\/li>\n<li><strong>US Dollar (USD) falls versus major peers<\/strong><\/li>\n<li><strong>US ISM manufacturing &amp; Jolts job openings data due<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is falling on Tuesday after booking gains in the previous session. The pair rose 0.6% on Monday, settling at 82.77, trading in a range between 82.31 to 82.87. At 12:00 UTC, USD\/INR trades -0.2% at 82.57.<\/p>\n<p>The Rupee is rising as risk assets across the board benefit from improved risk sentiment. Domestic equities are rising, with both the Sensex and the Nifty 50 booking gains of 0.6% and 0.75%, respectively.<\/p>\n<p>India\u2019s manufacturing activity remained strong in October, according to the latest PMI data. The S&amp;P Global India manufacturing PMI was up from 55.1 in September to 55.3 in October, marking the 16<sup>th<\/sup> straight month of growing activity. News orders rose, albeit at a slower pace; firms also added additional workers. Looking ahead manufacturers remained confident of a rise in output volumes across the coming year.<\/p>\n<p>The US Dollar is falling across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at -0.6% at the time of writing at 110.85 after four straight days of gains.<\/p>\n<p>The USD is edging lower, tracking the 10-year bond yield southwards as attention shifts to the start of the Federal Reser4ves two day monetary policy meeting. The US dollar\u2019s rally over the past quarter faltered in October as investors start to question the Federal Reserve\u2019s next steps. Bets are rising that the Fed could start to ease the pace at which it raises interest rates after tomorrow\u2019s rate decision.<\/p>\n<p>Attention will now turn to the ISM manufacturing PMI, which is expected to slip to 50 in October, down from 50.9 in September.<\/p>\n<p>JOLTS job openings are expected to show 10 million vacancies in September, down slightly from 10.05 million in August. Whilst job openings are falling slowly, they are still extremely high and highlight the tightness in the labour market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises as manufacturing PMI rises to 55.3 Domestic equities also rise in risk-on trade US Dollar (USD) falls versus major peers US ISM manufacturing &amp; Jolts job openings data due The US Dollar Indian Rupee (USD\/INR) exchange rate is falling on Tuesday after booking gains in the previous session. The pair rose [&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-113337","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 rises as manufacturing activity shows resilience - 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\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\/\" \/>\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\\\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee rises as manufacturing activity shows resilience\",\"datePublished\":\"2022-11-01T13:30:12+00:00\",\"dateModified\":\"2022-11-02T09:58:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\\\/\"},\"wordCount\":345,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\\\/#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\\\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107324-usd-inr-rupee-rises-as-manufacturing-activity-shows-resilience\\\/\",\"name\":\"USD\\\/INR: Rupee rises as manufacturing activity shows resilience - 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