{"id":114833,"date":"2023-07-27T10:34:12","date_gmt":"2023-07-27T09:34:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=114833"},"modified":"2023-08-06T12:29:31","modified_gmt":"2023-08-06T11:29:31","slug":"107665-usd-inr-rupee-rises-after-the-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\/","title":{"rendered":"USD\/INR: Rupee rises after the Fed rate decision"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) rises after 2-days of losses<\/strong><\/li>\n<li><strong>Indian domestic equities rise &amp; oil rises<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) falls versus major peers<\/strong><\/li>\n<li><strong>Federal Reserve hiked rates by 25 bps<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is falling, snapping two days of gains. The pair rose +0.12% in the previous session, settling on Wednesday at 81.95. At 10:30 UTC, USD\/INR trades -0.02 % at 81.93 and trades in a range of 81.89 to 82.02.<\/p>\n<p>The Rupee is rising, tracking Indian equities higher amid a risk on mood in the market. The Fed sticking to the script and raising rates as expected but nearing peak rates has boosted the market mood globally.<\/p>\n<p>While Indian equities are rising, oil prices are also rising on hopes that the US, the world\u2019s largest oil consumer, could avoid a recession. Supply worries are also boosting the price ahead of the OPEC+ meeting next week. West Texas Intermediate trades at a 3.5-month high.<\/p>\n<p>The US Dollar is falling across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at -0.23% at the time of writing at 101.66, extending losses for a third straight day.<\/p>\n<p>The US dollar is falling after the Federal Reserve raised interest rates by 0.25%, in line with expectations. This was the 11th interest rate hike in 12 meetings and takes the rate range to 5.25% to 5.5%, its highest level in over two decades.<\/p>\n<p>Fed chair Powell acknowledged that rate hikes appear to be working in slowing the economy and taming inflation, although he added that June&#8217;s inflation print was just one data print. More data needs to be looked at to decide whether or not to hike rates again in September.<\/p>\n<p>With two inflation reports and two non-farm payroll reports due before the next FOMC meeting, there will be plenty of figures for the Fed to analyse.<\/p>\n<p>The US dollar dropped as the market considers that the Fed is close to the end of its rate hiking cycle.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises after 2-days of losses Indian domestic equities rise &amp; oil rises US Dollar (USD) falls versus major peers Federal Reserve hiked rates by 25 bps The US Dollar Indian Rupee (USD\/INR) exchange rate is falling, snapping two days of gains. The pair rose +0.12% in the previous session, settling on Wednesday [&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":[1693,1381],"tags":[1666,1398,1862],"class_list":["post-114833","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 after the Fed rate decision - 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\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\/\" \/>\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\\\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee rises after the Fed rate decision\",\"datePublished\":\"2023-07-27T09:34:12+00:00\",\"dateModified\":\"2023-08-06T11:29:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\\\/\"},\"wordCount\":336,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\\\/#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\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107665-usd-inr-rupee-rises-after-the-fed-rate-decision\\\/\",\"name\":\"USD\\\/INR: Rupee rises after the Fed rate decision - 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