{"id":113745,"date":"2023-01-27T15:02:24","date_gmt":"2023-01-27T15:02:24","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113745"},"modified":"2023-01-27T15:03:35","modified_gmt":"2023-01-27T15:03:35","slug":"107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\/","title":{"rendered":"USD\/INR: Rupee falls as Adani Group shares tumbles"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) tracking domestic equities lower<\/strong><\/li>\n<li><strong>Rupee is set for a small weekly gain<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises despite inflation cooling<\/strong><\/li>\n<li><strong>US recession fears ease<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Friday after two days of losses. The pair settled -0.09% lower on Thursday at 81.41. At 14:00 UTC, USD\/INR trades +0.25% at 81.60. The pair is set to gain 0.8% across the week.<\/p>\n<p>The Indian Rupee continues to show resilience even as the Nifty 50 and the Sensex continue slumping in the wake of the Adani Group crisis.<\/p>\n<p>Shares in India\u2019s Adani Enterprises tanked on Friday, with the 7 group companies losing between them $48 billion this week after a report by short sellers Hindenburg raised concerns over debt levels and the use of tax havens. The sell-off has raised questions over the firm\u2019s secondary share sales.<\/p>\n<p>Elsewhere oil prices are rising amid rising optimism that the US, the world\u2019s largest oil consumer, could avoid a recession.<\/p>\n<p>The US Dollar is rising across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades +0.28% at the time of writing at 102.11, marking the second straight days of gains. The USD is set to rise just 0.07% across the week after two weeks of declines.<\/p>\n<p>The US dollar is rising against its major peers on Friday despite data showing that inflation in the world\u2019s largest economy cooled further in December. The core PCE, the Federal Reserve\u2019s preferred measure of inflation, cools two 4.4% year on year last month, down from 4.7% in November. This was in line with forecasts and marked the slowest rate for inflation since later 2021.<\/p>\n<p>The data supports the view that the Federal Reserve will slow the pace at which it raises interest rates as from next week. The US central bank is expected to raise rates by 25 basis points.<\/p>\n<p>The data comes after stronger-than-expected GDP data yesterday, which boosted hopes that the US economy could avoid a recession later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) tracking domestic equities lower Rupee is set for a small weekly gain US Dollar (USD) rises despite inflation cooling US recession fears ease The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Friday after two days of losses. The pair settled -0.09% lower on Thursday at 81.41. At 14:00 UTC, [&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":[],"class_list":["post-113745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-inr","category-usd"],"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 as Adani Group shares tumbles - 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\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\/\" \/>\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\\\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee falls as Adani Group shares tumbles\",\"datePublished\":\"2023-01-27T15:02:24+00:00\",\"dateModified\":\"2023-01-27T15:03:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107405-usd-inr-rupee-falls-as-adani-group-shares-tumbles\\\/\",\"name\":\"USD\\\/INR: Rupee falls as Adani Group shares tumbles - 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