{"id":114227,"date":"2023-04-11T11:28:28","date_gmt":"2023-04-11T10:28:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114227"},"modified":"2023-04-12T06:04:59","modified_gmt":"2023-04-12T05:04:59","slug":"107516-usd-inr-rupee-slips-on-likely-hedging-moves","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\/","title":{"rendered":"USD\/INR: Rupee slips on expected hedging moves"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls for a 4<sup>th<\/sup> day<\/strong><\/li>\n<li><strong>Importers are likely hedging<\/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 NFP inspired gains<\/strong><\/li>\n<li><strong>Fed speakers are due later<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a fourth straight day. The pair rose 0.15% in the previous session, settling on Monday at 81.98. At 10:00 UTC, USD\/INR trades +0.15% at 81.06 and trades in a range of 81.93 to 82.12.<\/p>\n<p>The Rupee is under pressure after solid gains last week. The Indian currency is likely slipping owing to persistent USD demand from oil and other importers looking to hedge near-maturity liabilities. According to a trader at a mid-sized Indian bank, importers often hedge near-term liabilities when USD\/INR drops to 82.00.<\/p>\n<p>Indian inflation data is due tomorrow and could be key, along with US inflation tomorrow, to deciding the pair\u2019s next move.<\/p>\n<p>The US Dollar is rising against the Rupee but falling against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.3% at the time of writing at 102.16 after strong gains yesterday.<\/p>\n<p>The US dollar is falling as trading conditions normalise following the long Easter holiday, and the greenback is struggling to gain strength.<\/p>\n<p>The US dollar had pushed higher yesterday in quiet trade as investors continued to digest the stronger-than-expected U S jobs report. The report on Friday showed that US economy added 236,000 jobs in March this was a slowdown from the previous month\u2019s 311000 and was slightly above forecasts of 230,000.<\/p>\n<p>The unemployment rate unexpectedly ticked lower to 3.5%, and average earnings were at a two-year low of 4.2% growth.<\/p>\n<p>The data fuelled expectations that the Federal Reserve will raise interest rates in the may meeting by 25 basis points. The re-pricing of Fed bets boosted the USD.<\/p>\n<p>There is no high-impacting US economic data due to be released. Federal Reserve speakers will be in focus.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls for a 4th day Importers are likely hedging US Dollar (USD) falls versus major peers after NFP inspired gains Fed speakers are due later The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a fourth straight day. The pair rose 0.15% in the previous session, settling on Monday 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-114227","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 slips on expected hedging moves - 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\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\/\" \/>\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\\\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee slips on expected hedging moves\",\"datePublished\":\"2023-04-11T10:28:28+00:00\",\"dateModified\":\"2023-04-12T05:04:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\\\/\"},\"wordCount\":321,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\\\/#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\\\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107516-usd-inr-rupee-slips-on-likely-hedging-moves\\\/\",\"name\":\"USD\\\/INR: Rupee slips on expected hedging moves - 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