{"id":114166,"date":"2023-03-28T11:26:01","date_gmt":"2023-03-28T10:26:01","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114166"},"modified":"2023-03-28T11:26:45","modified_gmt":"2023-03-28T10:26:45","slug":"107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\/","title":{"rendered":"USD\/INR: Pair trades flat ahead of US consumer confidence"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee <\/a>(INR) resilient on year end flows<\/strong><\/li>\n<li><strong>Oil jumps over $70<\/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 holding steady on Tuesday after losses in the previous session. The pair fell -0.19% yesterday settling at 82.18. At 10:00 UTC, USD\/INR trades +0.01% at 82.18 and trades in a range of 82.14 to 82.37.<\/p>\n<p>The Indian Rupee strengthened yesterday on the improving market mood and on US dollar inflows as in the final week of the fiscal year.<\/p>\n<p>Today the Rupee is holding steady along with domestic equities. The Sensex trades just a few points lower at 57,586.<\/p>\n<p>Separately oil prices are heading higher again after jumping over 5% in the previous session back over $70 per barrel. The rise in oil was as a result of supply disruptions in Kurdistan as well as owing to easing fears of a banking crisis recession.<\/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 -0.22% at the time of writing at 102.66, marking the third straight day of declines.<\/p>\n<p>The US dollar is falling as banking crisis fears continue to fade and as investors continue to bet that the Federal Reserve will cut interest rates this year.<\/p>\n<p>Banking fears eased on news that First Citizen\u2019s bank will buy up collapsed bank SVB\u2019s loan book. The reports came as US authorities also pledged more support to regional banks if needed.<\/p>\n<p>Turmoil in the banking sector saw the markets reassess the Federal Reserve\u2019s position regarding ing monetary policy tightening. Even as banking sector calms, the markets are still expecting a less hawkish Fed with a rate cut by the end of the year, even as the Fed pushes back on these dovish expectations.<\/p>\n<p>Today attention will be on US consumer confidence which is expected to fall for a third straight month to 101 in March, down from 102.9 in February.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) resilient on year end flows Oil jumps over $70 US Dollar (USD) falls versus major peers US consumer confidence data due The US Dollar Indian Rupee (USD\/INR) exchange rate is holding steady on Tuesday after losses in the previous session. The pair fell -0.19% yesterday settling at 82.18. At 10:00 UTC, USD\/INR [&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":[3467,1398,1862],"class_list":{"0":"post-114166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-ind","10":"tag-usd","11":"tag-usd-inr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: Pair trades flat ahead of US consumer confidence - 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\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\/\" \/>\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\\\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Pair trades flat ahead of US consumer confidence\",\"datePublished\":\"2023-03-28T10:26:01+00:00\",\"dateModified\":\"2023-03-28T10:26:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\\\/\"},\"wordCount\":337,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"keywords\":[\"IND\",\"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\\\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107498-usd-inr-pair-trades-flat-ahead-of-us-consumer-confidence\\\/\",\"name\":\"USD\\\/INR: Pair trades flat ahead of US consumer confidence - 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