{"id":113529,"date":"2022-12-06T17:22:22","date_gmt":"2022-12-06T17:22:22","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113529"},"modified":"2022-12-06T17:25:13","modified_gmt":"2022-12-06T17:25:13","slug":"107358-usd-inr-rupee-falls-on-usd-corporate-outflows","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\/","title":{"rendered":"USD\/INR: Rupee falls on USD corporate outflows"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) lower for a third straight day<\/strong><\/li>\n<li><strong>FPI jumps in November<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) holds yesterday\u2019s gains versus major peers<\/strong><\/li>\n<li><strong>Aggressive Fed bets are building<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a third straight day on Tuesday.\u00a0 The pair rose +06% yesterday, settling at 81.89. Today, at 16:30, USD\/INR trades +0.68% at 82.44, trading in a range between 81.90 to 82.64.<\/p>\n<p>The rupee is falling in its worst trading fashion in more than two months on corporate dollar outflows. The rupee has weakened over 1.6% across the last two trading days. The sudden decline in the rupee caught some traders off guard end comes despite some upbeat data.<\/p>\n<p>Foreign portfolio investors bought Indian stock worth 4.4 billion U.S. dollars in November, marking the second-best month for overseas inflows into Indian equities this year. The jump in inflows comes as Indian shares rise to record highs. The Nifty 50 and the Sensex rose 4.1% and 3.87%, respectively, last month.<\/p>\n<p>The US Dollar is rising versus the Rupee but falling against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at -0.09% at the time of writing at 105.15, after booking strong gains in the previous session.<\/p>\n<p>After a strong rebound yesterday, the US dollar broadly held onto Monday\u2019s gains amid a quiet economic calendar. Investors continued to digest recent data which has raised questions over whether the Federal Reserve will be able to slow the pace of rate hikes.<\/p>\n<p>Yesterday US ISM services PMI data showed that activity in the US service sector grew at a faster pace than expected in November. The ISM services PMI raise 56.6 up from 54.4. This was ahead of forecasts of 55.5.<\/p>\n<p>The survey was hot on the heels from Friday\u2019s nonfarm payroll report, which showed that US economy continued to create jobs at a fast pace in November with wage growth also accelerating. The U.S. economy is showing a level of resilience which suggests that the US Federal Reserve may struggle to slow the pace of rate hikes, supporting the USD.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) lower for a third straight day FPI jumps in November US Dollar (USD) holds yesterday\u2019s gains versus major peers Aggressive Fed bets are building The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a third straight day on Tuesday.\u00a0 The pair rose +06% yesterday, settling at 81.89. Today, at 16:30, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":76446,"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-113529","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 on USD corporate outflows - 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\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\/\" \/>\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\\\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee falls on USD corporate outflows\",\"datePublished\":\"2022-12-06T17:22:22+00:00\",\"dateModified\":\"2022-12-06T17:25:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\\\/\"},\"wordCount\":353,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Pair-Trading-Flat-in-Early-Session.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\\\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107358-usd-inr-rupee-falls-on-usd-corporate-outflows\\\/\",\"name\":\"USD\\\/INR: Rupee falls on USD corporate outflows - 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