{"id":113643,"date":"2023-01-13T12:33:36","date_gmt":"2023-01-13T12:33:36","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113643"},"modified":"2023-01-13T12:34:01","modified_gmt":"2023-01-13T12:34:01","slug":"107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\/","title":{"rendered":"USD\/INR: Rupee is set for best weekly gain in 2 months"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls but is set for a weekly gain<\/strong><\/li>\n<li><strong>Equities and oil prices rise<\/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>US consumer confidence data due<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Friday, paring some losses from the previous session. The pair settled -0.66% lower on Thursday at 81.10. At 10:00 UTC, USD\/INR trades +0.33% at 81.37. The pair is set to lose -1.1% across the week.<\/p>\n<p>The Rupee is falling despite an upbeat equities market and a broad risk on mood in the market. Indian shares closed high on Friday and booked solid gains across the week, helped higher by a rise in heavyweight financials and IT stocks.<\/p>\n<p>The Rupee is heading lower today but is set to gain across the week, capitalizing on USD weakness, putting it on track for its best week in two months.<\/p>\n<p>Oil prices are pushing higher for a third straight session. West Texas Intermediate is rising 1% at the time of writing at $78.85 per barrel. Oil is set to rise just shy of 7% this week.<\/p>\n<p>The US Dollar is rising against the Rupee but falling versus its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.16% at the time of writing at 102.23 after steep losses yesterday. The USD is set to fall 1.6% across the week and trades at a 7-month low.<\/p>\n<p>The US dollar fell sharply yesterday and is extending those declines today after US inflation data confirmed expectations that consumer prices had fallen further in December. US CPI was 6.5% year on year last month, down from 7.1% annually in November and in line with analysts\u2019 expectations.<\/p>\n<p>Meanwhile, core inflation, which strips out more volatile items such as food and fuel also cooled in December to 5.7%, down from 6%.<\/p>\n<p>The data has boosted bets that the Federal Reserve will slow the pace at which it raises interest rates in the upcoming policy meetings.<\/p>\n<p>Looking ahead, attention will now turn to US Michigan consumer sentiment data which is expected to show that morale improved in January to 60.5, up from 59.7.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls but is set for a weekly gain Equities and oil prices rise US Dollar (USD) falls versus major peers US consumer confidence data due The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Friday, paring some losses from the previous session. The pair settled -0.66% lower on Thursday at [&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-113643","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 is set for best weekly gain in 2 months - 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\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\/\" \/>\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\\\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee is set for best weekly gain in 2 months\",\"datePublished\":\"2023-01-13T12:33:36+00:00\",\"dateModified\":\"2023-01-13T12:34:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\\\/\"},\"wordCount\":357,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\\\/#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\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107378-usd-inr-rupee-is-set-for-best-weekly-gain-in-2-months\\\/\",\"name\":\"USD\\\/INR: Rupee is set for best weekly gain in 2 months - 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