{"id":115551,"date":"2023-12-19T12:31:12","date_gmt":"2023-12-19T12:31:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=115551"},"modified":"2023-12-19T12:31:41","modified_gmt":"2023-12-19T12:31:41","slug":"107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\/","title":{"rendered":"USD\/INR: The Rupee falls for a third day as the Fed plays down rate cuts"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) falls for a third day<\/strong><\/li>\n<li><strong>Oil prices have risen on Red Sea worries<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) is holding steady against major peers<\/strong><\/li>\n<li><strong>US housing data is due<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a third straight day. The pair rose 0.12% in the previous session, settling on Monday at 83.14. At 16:00 UTC, USD\/INR trades +0.05% at 83.18 and trades in a range of 83.06 to 83.27.<\/p>\n<p>The Indian Rupee Is struggling again versus the US dollar despite domestic equities pushing higher. The Sensex trades up 0.17% at the time of writing, and the Nifty 50 is rising 0.16%.<\/p>\n<p>Meanwhile, oil prices have also been on the rise in recent sessions, jumping over 1.5% yesterday on concerns over supply disruption in the Red Sea.<\/p>\n<p>Many major shipping firms and oil transporters have halted routes across the Red Sea after several attacks by healthy militants on ships.<\/p>\n<p>Worries are rising of disruptions to trade via the Suez Canal which is the shortest shipping route between Europe and Asia and accounts for 15% of global fishing shipping traffic. The actual effect on oil flows is likely to be limited but the attacks on the ships have boosted geopolitical premium and oil.<\/p>\n<p>The US Dollar is rising against the Rupee but is holding steady versus its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades -0.02% at the time of writing at 102.54, after losses on Monday.<\/p>\n<p>The US dollar is holding steady after mild losses yesterday. The sell-off in the US dollar has steadied as recent Federal Reserve speakers have tried to pedal back last week&#8217;s dovish monetary policy meeting. On the data front, the economic calendar is relatively quiet, with attention on the US housing market.<\/p>\n<p>US building permits and housing starts are both expected to fall slightly in November, with economists forecasting a decline of 1.2 And 0.8%, respectively.<\/p>\n<p>Weak housing data figures may raise some concerns; however, should the Federal Reserve adopt this more dovish rate path, this could mean that any weakness in the housing market may be short-lived.<\/p>\n<p>The housing sector is considered to be a leading indicator, and it contributes to around 15% of the US economy. Stronger-than-expected data could boost consumer confidence and lift the dollar.<\/p>\n<p>As well as housing data vice chair John Williams will be speaking and equipment regarding inflation the economic outlook or interest rates could drive the dollar.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls for a third day Oil prices have risen on Red Sea worries US Dollar (USD) is holding steady against major peers US housing data is due The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a third straight day. The pair rose 0.12% in the previous session, settling on [&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-115551","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: The Rupee falls for a third day as the Fed plays down rate cuts - 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\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: The Rupee falls for a third day as the Fed plays down rate cuts\",\"datePublished\":\"2023-12-19T12:31:12+00:00\",\"dateModified\":\"2023-12-19T12:31:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\\\/\"},\"wordCount\":416,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\\\/#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\\\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/107871-usd-inr-the-rupee-falls-for-a-third-day-as-the-fed-plays-down-rate-cuts\\\/\",\"name\":\"USD\\\/INR: The Rupee falls for a third day as the Fed plays down rate cuts - 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