{"id":114352,"date":"2023-05-02T11:00:16","date_gmt":"2023-05-02T10:00:16","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114352"},"modified":"2023-05-05T11:25:10","modified_gmt":"2023-05-05T10:25:10","slug":"107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\/","title":{"rendered":"USD\/INR: Rupee slips despite strong manufacturing PMI data"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falling for a 4<sup>th<\/sup> day<\/strong><\/li>\n<li><strong>Manufacturing PMI rises to 57.2<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises versus major peers<\/strong><\/li>\n<li><strong>US factory orders and US job vacancies<\/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 0.03% in the previous session, settling on Tuesday at 81.77. At 10:00 UTC, USD\/INR trades +0.14% at 81.88 and trades in a range of 81.73 to 81.93.<\/p>\n<p>The Rupee is falling against a stronger USD and despite encouraging Indian manufacturing data. India\u2019s factory activity expanded at its fastest pace in four months in April, owing to solid growth in new orders and output.<\/p>\n<p>The manufacturing PMI rose to 57.2 in April, up from 56.4 in March, remaining above the level 50, which separates expansion from contraction for a 22<sup>nd<\/sup> month. This was also ahead of forecasts of 55.8.<\/p>\n<p>The stronger-than-forecast manufacturing data suggests that India will continue to be one of the fastest-growing major economies despite slowing global growth.<\/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 +0.02% at the time of writing at 101.20, extending gains for a fifth straight day.<\/p>\n<p>The U.S. dollar continues to rise on Tuesday as investors look to the start of the Federal Reserve&#8217;s 2-day policy meeting and ahead of US economic data.<\/p>\n<p>US factory orders and jolts jobs openings are in focus. US factory orders are expected to rebound by 1.1% month on month in March, rebounding from -0.7% contraction in February. The data comes after ISM manufacturing PMIs yesterday showed that the sector contracted by less than expected and that input prices rose by more than forecast.<\/p>\n<p>The JOLTS job opening data comes ahead Friday\u2019s non -farm payroll report and is expected to show that job vacancies fell again in March after dropping to a 22-month low in February in a signal that the jobs market is starting to weaken.<\/p>\n<p>The Fed kicks off the two day FOMC meeting today, with the rate decision due tomorrow.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falling for a 4th day Manufacturing PMI rises to 57.2 US Dollar (USD) rises versus major peers US factory orders and US job vacancies The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a fourth straight day. The pair rose 0.03% in the previous session, settling on Tuesday at 81.77. [&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-114352","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 despite strong manufacturing PMI data - 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\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\/\" \/>\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\\\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee slips despite strong manufacturing PMI data\",\"datePublished\":\"2023-05-02T10:00:16+00:00\",\"dateModified\":\"2023-05-05T10:25:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\\\/\"},\"wordCount\":344,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\\\/#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\\\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107547-usd-inr-rupee-slips-despite-strong-manufacturing-pmi-data\\\/\",\"name\":\"USD\\\/INR: Rupee slips despite strong manufacturing PMI data - 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