{"id":114514,"date":"2023-05-31T12:47:13","date_gmt":"2023-05-31T11:47:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114514"},"modified":"2023-06-02T07:14:59","modified_gmt":"2023-06-02T06:14:59","slug":"107586-usd-inr-rupee-holds-steady-near-a-3-month-low","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\/","title":{"rendered":"USD\/INR: Rupee holds steady near a 3-month low"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls in risk-off trade<\/strong><\/li>\n<li><strong>Indian GDP is expected to expand 5%<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises on hawkish Fed bets<\/strong><\/li>\n<li><strong>US JOLTS job openings<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is for a third straight session. The pair rose 0.1% yesterday, settling on Tuesday at 82.66. At 12:30 UTC, USD\/INR trades +0.09% at 82.74 and trades in a range of 82.62 to 82.76.<\/p>\n<p>The repair is falling on Wednesday amid risk of trade after weaker-than-expected Chinese manufacturing data, which raises concerns over the strength of the post-pandemic recovery. Chinese manufacturing activity contracted by more than expected in May to 48.8, 5-month low defying expectations of an increase to 49.4.<\/p>\n<p>The weak data fueled concerns over the growth outlook for the world&#8217;s second-largest economy, hitting risk appetite.<\/p>\n<p>Looking ahead, Indian GDP data is expected to show that the economy grew by 5% in the January to March quarter compared to a year earlier. This is up from 4.4% in the previous quarter thanks to steady urban demand and government spending,<\/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 +0.42% at the time of writing at 104.48, rebounding from losses in the previous session.<\/p>\n<p>The US dollar is pricing on safe-haven flows, the disappointing China data, and as investors digested the latest developments surrounding the US debt ceiling bill.<\/p>\n<p>Bill has cleared its first procedural hurdle in Congress and will face a vote in the House of Representatives today. It&#8217;s progressing hey Congress as expected, which will give the Senate time to vote ahead of the June 5<sup>th<\/sup> cut-off.<\/p>\n<p>Investors and outlining our attention back to the Federal Reserve and U S economic data. Steve and Fed President Loretta Mester said that she saw no compelling reason to pause interest rate hikes in June.<\/p>\n<p>Comments come after the whole PCE; the Fed&#8217;s preferred measure of inflation unexpectedly rose in April to 4.7%, up from 4.6%.<\/p>\n<p>Looking ahead, US jolts job openings, the Fed Beige Book, and several Fed speakers are in focus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls in risk-off trade Indian GDP is expected to expand 5% US Dollar (USD) rises on hawkish Fed bets US JOLTS job openings The US Dollar Indian Rupee (USD\/INR) exchange rate is for a third straight session. The pair rose 0.1% yesterday, settling on Tuesday at 82.66. At 12:30 UTC, USD\/INR trades [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47015,"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-114514","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 holds steady near a 3-month low - 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\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\/\" \/>\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\\\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee holds steady near a 3-month low\",\"datePublished\":\"2023-05-31T11:47:13+00:00\",\"dateModified\":\"2023-06-02T06:14:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\\\/\"},\"wordCount\":344,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.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\\\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107586-usd-inr-rupee-holds-steady-near-a-3-month-low\\\/\",\"name\":\"USD\\\/INR: Rupee holds steady near a 3-month low - 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