{"id":114447,"date":"2023-05-18T16:33:20","date_gmt":"2023-05-18T15:33:20","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114447"},"modified":"2023-05-21T19:34:25","modified_gmt":"2023-05-21T18:34:25","slug":"107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\/","title":{"rendered":"USD\/INR: Rupee falls on USD strength with Fed speakers in focus"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls despite S&amp;P India maintaining its credit rating<\/strong><\/li>\n<li><strong>S&amp;P Global Ratings forecasts growth of 6% in 2023\/4<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises on debt ceiling hopes<\/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>The S&amp;P Global Ratings said that the Indian economy is performing well amid challenging global economic conditions.<\/p>\n<p>The agency also retained the country\u2019s sovereign credit rating of BBB- long-term and A-3 short-term rating. The long-term outlook was retained as stable.<\/p>\n<p>The S&amp;P Global Ratings went on to say that the outlook reflects expectations that India\u2019s sound economic fundamentals will offset the government\u2019s weak fiscal performance. The ratings agency forecast 6% GDP growth in India in 2023\/24 thanks to investments and consumer momentum driving growth over the coming years.<\/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 pushing higher against its major peers on dent ceiling optimism and as investors weigh up the Federal Reserve\u2019s next move.<\/p>\n<p>Hopes are growing that President Biden and House Speaker Kevin McCarthy could reach a debt ceiling agreement sooner rather than later. News that Biden is cutting short a trip to Asia to return to the US by Sunday, has raised hopes that a deal could even be agreed by the end of the week.<\/p>\n<p>On the data front, US jobless claims fell by more than expected to 242,000, down from 264,000 in the previous week. The data suggests that the labour market remains resilient.<\/p>\n<p>Attention is now turning to a slew of Federal Reserve speakers, who could shed more light on whether the Federal Reserve will hike interest rates again in June. Currently, the market is pricing in a 30% probability of a rate hike at the next meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls despite S&amp;P India maintaining its credit rating S&amp;P Global Ratings forecasts growth of 6% in 2023\/4 US Dollar (USD) rises on debt ceiling hopes 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, [&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":[1379,1693,1381],"tags":[1666,1398,1862],"class_list":["post-114447","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","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 on USD strength with Fed speakers in focus - 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\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\/\" \/>\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\\\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee falls on USD strength with Fed speakers in focus\",\"datePublished\":\"2023-05-18T15:33:20+00:00\",\"dateModified\":\"2023-05-21T18:34:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\\\/\"},\"wordCount\":371,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"keywords\":[\"inr\",\"usd\",\"usd\\\/inr\"],\"articleSection\":[\"GBP\",\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107569-usd-inr-rupee-falls-on-usd-strength-with-fed-speakers-in-focus\\\/\",\"name\":\"USD\\\/INR: Rupee falls on USD strength with Fed speakers in focus - 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