{"id":114478,"date":"2023-05-24T12:40:29","date_gmt":"2023-05-24T11:40:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114478"},"modified":"2023-05-30T11:02:35","modified_gmt":"2023-05-30T10:02:35","slug":"107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/","title":{"rendered":"USD\/INR: Rupee rises as RBI says inflation is moderating"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) rises for a 3<sup>rd<\/sup> day<\/strong><\/li>\n<li><strong>RBI highlighted concerns over El Nino<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises against major peers on safe-haven flows<\/strong><\/li>\n<li><strong>FOMC minutes are due later<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is falling for a third straight day. The pair fell -0.01% in the previous session, settling on Tuesday at 82.83. At 10:30 UTC, USD\/INR trades -0.18% at 82.64 and trades in a range of 82.63 to 82.98.<\/p>\n<p>The repeat is extending gains despite the risk-off mood in the broader market. The Sensex trades 0.3% lower at the time of writing, and US futures are also pointing to a weaker start.<\/p>\n<p>Meanwhile, the governor of the Reserve Bank of India noted that India&#8217;s inflation had cooled, but he highlighted concerns over weather-related uncertainties which he said still posed a headwind.<\/p>\n<p>He said the war on inflation is not over and that they will see how El Nino factors play out, referring to the weather system.<\/p>\n<p>His comments come as India&#8217;s annual retail inflation cools to 4.7% in April, down from 5.66% in the previous month.<\/p>\n<p>The US Dollar is falling against the Rupee but rising against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades +0.18% at the time of writing at 103.72, after booking gains of 0.3% in the previous session.<\/p>\n<p>The US dollar is pushing higher safe haven flows as investors worry over the lack of progress in U.S. debt ceiling talk, which has stalled as the US continues to slide towards the early June x- date.<\/p>\n<p>The X- date, which U S Treasury Secretary Janet Yellen says is the beginning of June, IS when the US will run out of money and could potentially default on its debt obligations.<\/p>\n<p>Looking ahead, investors will be watching the release of the minutes from the latest Federal Reserve interest rate meeting. At the meeting, the US central bank raised interest rates by 25 basis points and hinted that they could pause rate hikes in the June meeting.<\/p>\n<p>Investors will be scrutinising the minutes for clues Ava the feds feature path for interest rate decisions. The release comes as the market is pricing in an 70% probability that the Fed will pause rate hike.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises for a 3rd day RBI highlighted concerns over El Nino US Dollar (USD) rises against major peers on safe-haven flows FOMC minutes are due later The US Dollar Indian Rupee (USD\/INR) exchange rate is falling for a third straight day. The pair fell -0.01% in the previous session, settling on Tuesday [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82827,"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-114478","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 rises as RBI says inflation is moderating - 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\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/\" \/>\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\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee rises as RBI says inflation is moderating\",\"datePublished\":\"2023-05-24T11:40:29+00:00\",\"dateModified\":\"2023-05-30T10:02:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/\"},\"wordCount\":379,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.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\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/\",\"name\":\"USD\\\/INR: Rupee rises as RBI says inflation is moderating - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"datePublished\":\"2023-05-24T11:40:29+00:00\",\"dateModified\":\"2023-05-30T10:02:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Rupee rises as RBI says inflation is moderating\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/INR: Rupee rises as RBI says inflation is moderating - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/INR: Rupee rises as RBI says inflation is moderating","datePublished":"2023-05-24T11:40:29+00:00","dateModified":"2023-05-30T10:02:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/"},"wordCount":379,"image":{"@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.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\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/","url":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/","name":"USD\/INR: Rupee rises as RBI says inflation is moderating - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","datePublished":"2023-05-24T11:40:29+00:00","dateModified":"2023-05-30T10:02:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/107576-usd-inr-rupee-rises-as-rbi-says-inflation-is-moderating\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Rupee rises as RBI says inflation is moderating"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=114478"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114478\/revisions"}],"predecessor-version":[{"id":114479,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114478\/revisions\/114479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82827"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=114478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=114478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=114478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}