{"id":114423,"date":"2023-05-15T11:35:59","date_gmt":"2023-05-15T10:35:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114423"},"modified":"2023-05-21T19:37:18","modified_gmt":"2023-05-21T18:37:18","slug":"107564-usd-inr-rupee-falls-as-wpi-drops","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107564-usd-inr-rupee-falls-as-wpi-drops\/","title":{"rendered":"USD\/INR: Rupee falls as WPI drops"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls after losses last week<\/strong><\/li>\n<li><strong>WPI falls 0.92% YoY<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) falls against major peers<\/strong><\/li>\n<li><strong>US Fed speakers are in focus<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a fourth straight session. The pair rose +0.17% last week, settling on Friday at 82.17. At 10:30 UTC, USD\/INR trades +0.17% at 82.31 and trades in a range of 82.18 to 82.36.<\/p>\n<p>India\u2019s wholesale inflation has fallen for the first time in almost three years in April as prices weakened across the board. WPI declined by 0.92% compared to the same month a year earlier after rising 1.34% in March. Analysts had forecast a -0.2% decline.<\/p>\n<p>WPI could continue to fall amid the high base effect and falling commodity prices which would naturally put downward pressure on WPI inflation this year.<\/p>\n<p>WPI has been falling steadily across the last eleven months from a 20-year high of 16.63% in May 2022.<\/p>\n<p>The US Dollar is rising against the Rupee but falling against major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.16% at the time of writing at 102.53, after booking gains of 1.5% last week.<\/p>\n<p>The US dollar is falling at the start of the new week slipping back from five-week highs reached last week. \u00a0The long-term Inflation expectations index within the Michigan consumer confidence data released on Friday showed that Inflation expectations remained sticky with long-term expectations jumping to the highest level since 2011.<\/p>\n<p>The data fuelled expectations that the Federal Reserve could raise interest rates again when it meets in June. This idea was supported further by comments from fed governor Michel Bowman who said on Friday that US central bank will probably need to raise interest rates further if inflation stays high.<\/p>\n<p>There is no high-impacting U.S. economic data due to be released today instead the focus will be firmly on Federal Reserve speakers, with the Feds Bostic, Kashkari and Barkin all expected to speak later today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls after losses last week WPI falls 0.92% YoY US Dollar (USD) falls against major peers US Fed speakers are in focus The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a fourth straight session. The pair rose +0.17% last week, settling on Friday at 82.17. At 10:30 UTC, USD\/INR [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47178,"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-114423","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 as WPI drops - 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\/107564-usd-inr-rupee-falls-as-wpi-drops\/\" \/>\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\\\/107564-usd-inr-rupee-falls-as-wpi-drops\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107564-usd-inr-rupee-falls-as-wpi-drops\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee falls as WPI drops\",\"datePublished\":\"2023-05-15T10:35:59+00:00\",\"dateModified\":\"2023-05-21T18:37:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107564-usd-inr-rupee-falls-as-wpi-drops\\\/\"},\"wordCount\":330,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107564-usd-inr-rupee-falls-as-wpi-drops\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-us-dollar.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\\\/107564-usd-inr-rupee-falls-as-wpi-drops\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107564-usd-inr-rupee-falls-as-wpi-drops\\\/\",\"name\":\"USD\\\/INR: Rupee falls as WPI drops - 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