{"id":114730,"date":"2023-07-10T12:58:19","date_gmt":"2023-07-10T11:58:19","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114730"},"modified":"2023-07-12T09:19:05","modified_gmt":"2023-07-12T08:19:05","slug":"usd-inr-rupee-steadies-as-inflation-is-expected-to-rise","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/","title":{"rendered":"USD\/INR: Rupee steadies as inflation is expected to rise"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) steadies after losses last week<\/strong><\/li>\n<li><strong>Indian inflation is forecast to rise to 4.58%<\/strong><\/li>\n<li><strong>US Dollar (USD) rebound after Friday\u2019s NFP losses<\/strong><\/li>\n<li><strong>Fed speakers in focus<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is holding steady at the start of the week after strong gains last week. The pair rose 0.63% in the previous week, settling on Friday at 82.61. At 12:30 UTC, USD\/INR trades -0.02% at 82.60 and trades in a range of 82.56 to 82.72.<\/p>\n<p>The Rupee, along with other Asian currencies are struggling at the start of the week after weak data from China. China consumer inflation stole that no percent his lowest level in almost two years meanwhile factory great inflation fell by 5.4% twist lowest level in seven years raising concerns the Chinese economic rebound losing momentum.<\/p>\n<p>The Rupee is also finding support from rising inflation expectations. Indian inflation is expected to have risen to 4.58% in June after four months of declines. The data means that the Reserve Bank of India is unlikely to cut rates anytime soon.<\/p>\n<p>The US Dollar is steady against the Rupee but rising versus its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at +0.16% at the time of writing at 102.44, adding to gains from last week.<\/p>\n<p>The US dollar is rising, rebounding from Friday\u2019s selloff as the markets continue to digest Friday\u2019s mixed nonfarm payroll report. The report showed that headline job creation slowed to 209,000 in June, below the 225,000 forecast and well down from the 339,000 recorded in May. This was the slowest job creation in almost two years.<\/p>\n<p>However, the unemployment rate also ticked lower to 3.6% and average hourly wages increased by 4.4% ahead of the 4.3% forecast. The data saw the market ease back on hawkish fed bets.<\/p>\n<p>The US dollar is paring some of those losses as investors await US inflation data later this week.<\/p>\n<p>Today the economic calendar is light. Federal Reserve speaker Loretta Mester, Raphael; Bostic and Mary Daly are due to speak.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) steadies after losses last week Indian inflation is forecast to rise to 4.58% US Dollar (USD) rebound after Friday\u2019s NFP losses Fed speakers in focus The US Dollar Indian Rupee (USD\/INR) exchange rate is holding steady at the start of the week after strong gains last week. The pair rose 0.63% in [&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-114730","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 steadies as inflation is expected to rise - 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\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/\" \/>\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\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee steadies as inflation is expected to rise\",\"datePublished\":\"2023-07-10T11:58:19+00:00\",\"dateModified\":\"2023-07-12T08:19:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/\"},\"wordCount\":345,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#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\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/\",\"name\":\"USD\\\/INR: Rupee steadies as inflation is expected to rise - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"datePublished\":\"2023-07-10T11:58:19+00:00\",\"dateModified\":\"2023-07-12T08:19:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-money.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Rupee steadies as inflation is expected to rise\"}]},{\"@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 steadies as inflation is expected to rise - 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\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/INR: Rupee steadies as inflation is expected to rise","datePublished":"2023-07-10T11:58:19+00:00","dateModified":"2023-07-12T08:19:05+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/"},"wordCount":345,"image":{"@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#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\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/","url":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/","name":"USD\/INR: Rupee steadies as inflation is expected to rise - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","datePublished":"2023-07-10T11:58:19+00:00","dateModified":"2023-07-12T08:19:05+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/indian-rupee-money.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/usd-inr-rupee-steadies-as-inflation-is-expected-to-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Rupee steadies as inflation is expected to rise"}]},{"@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\/10\/indian-rupee-money.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114730","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=114730"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114730\/revisions"}],"predecessor-version":[{"id":114733,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/114730\/revisions\/114733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/47269"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=114730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=114730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=114730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}