{"id":113785,"date":"2023-02-02T11:31:18","date_gmt":"2023-02-02T11:31:18","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=113785"},"modified":"2023-02-03T07:12:44","modified_gmt":"2023-02-03T07:12:44","slug":"107417-usd-inr-rupee-falls-despite-less-hawkish-fed","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/","title":{"rendered":"USD\/INR: Rupee falls despite less hawkish Fed"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) Rupee weakens as Adani crisis deepens<\/strong><\/li>\n<li><strong>Rupee tracks stocks lower across the week,<\/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 after a less hawkish Fed<\/strong><\/li>\n<li><strong>US jobless claims are due<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Thursday after ending flat in the previous session. The pair settled -0.01% on Wednesday at 81.73. At 10:00 UTC, USD\/INR trades +0.23% at 81.92 between a range of 81.68 \u2013 81.96.<\/p>\n<p>The Rupee showed some resilience in the previous session, boosted by a broad risk-on mute in the market after the US Federal Reserve meeting.<\/p>\n<p>However, the Rupee has come under pressure this week, tracking domestic equities lower amid ongoing concerns surrounding the Adani crisis. The market fallout from the conglomerate\u2019s crisis has topped $100 billion, sparking fears of a systemic impact. Adani Enterprises tumbled almost 20% on Thursday, hitting the lowest level since March last year as the group pulled its share sale.<\/p>\n<p>The Reserve Bank of India is reportedly contacting local banks for details on their exposure to Adani<\/p>\n<p>The US Dollar is rising versus the Rupee but falling against its major peers. \u00a0The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.18% at the time of writing at 101.04 after steep losses yesterday.<\/p>\n<p>The US dollar plunged yesterday after the Federal Reserve voted to slow the pace of rate hikes to 25 basis points taking the benchmark rate to 4.75%. The move was expected, and the statement was relatively hawkish.<\/p>\n<p>However, Federal Reserve Chad Jerome Powell was last for cash than expected in the press conference following the right announcement. While Jerome Powell said more work needs to be done, he also said there were clear signs that inflation was cooling. The market is expecting the fed\u2019s terminal rate to be 4.9%. Investors are also expecting the Fed to cut interest rates by 0.5% by the end of the year.<\/p>\n<p>Looking ahead, attention will move toward US jobless claims, which are expected to rise slightly to 200k. The data comes ahead of tomorrow&#8217;s nonfarm payroll.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) Rupee weakens as Adani crisis deepens Rupee tracks stocks lower across the week, US Dollar (USD) falls versus major peers after a less hawkish Fed US jobless claims are due The US Dollar Indian Rupee (USD\/INR) exchange rate is rising on Thursday after ending flat in the previous session. The pair settled [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4357,"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-113785","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 despite less hawkish Fed - 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\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/\" \/>\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\\\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee falls despite less hawkish Fed\",\"datePublished\":\"2023-02-02T11:31:18+00:00\",\"dateModified\":\"2023-02-03T07:12:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\\\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100366-gbp-usd-us-fed-policy-meeting.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\\\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\\\/\",\"name\":\"USD\\\/INR: Rupee falls despite less hawkish Fed - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/INR: Rupee falls despite less hawkish Fed - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/INR: Rupee falls despite less hawkish Fed","datePublished":"2023-02-02T11:31:18+00:00","dateModified":"2023-02-03T07:12:44+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/"},"wordCount":347,"image":{"@id":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100366-gbp-usd-us-fed-policy-meeting.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\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/","url":"https:\/\/currencylive.com\/news\/107417-usd-inr-rupee-falls-despite-less-hawkish-fed\/","name":"USD\/INR: Rupee falls despite less hawkish Fed - 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