{"id":117580,"date":"2024-04-09T21:08:56","date_gmt":"2024-04-09T20:08:56","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=117580"},"modified":"2024-04-17T12:29:10","modified_gmt":"2024-04-17T11:29:10","slug":"109022-usd-inr-rupee-rises-equities-ease-off-record-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\/","title":{"rendered":"USD\/INR: Rupee rises, equities ease off record high"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) rises for a fourth day<\/strong><\/li>\n<li><strong>Profit-taking pulled equities from record high<\/strong><\/li>\n<li><strong>US Dollar (USD) falls against its major peers<\/strong><\/li>\n<li><strong>US inflation data is due tomorrow<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (<a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">USD\/INR<\/a>) exchange rate is falling for a fourth straight day. The pair fell 0.03% in the previous session, settling on Monday at 83.27. At 17:00 UTC, USD\/INR trades -0.09% at 83.20 and trades in a range of 83.17 to 83.34.<\/p>\n<p>The Indian Rupee is rising despite a lower close in equities, as profit-taking pulled the benchmark index off record highs.<\/p>\n<p>Indian shares reached a new record high, bringing the total market capitalization of companies on the National Stock Exchange to over \u20b94 trillion.<\/p>\n<p>Today, the Nifty 50 and Sensex closed lower due to profit-taking. However, the market remains upbeat ahead of the earnings season. Optimism of political continuity ahead of India&#8217;s general election later this month is also supporting equities.<\/p>\n<p>Since early December, when Prime Minister Narendra Modi&#8217;s party won key state elections, the Nifty 50 has rallied 13%.<\/p>\n<p>The US Dollar is falling against the Rupee but is steady against major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at +0.01% at the time of writing at 104.11 after losses in the previous session.<\/p>\n<p>The U.S. dollar is steady on a quiet day on the US economic calendar. Investors are looking cautiously ahead to tomorrow&#8217;s release of inflation data.<\/p>\n<p>Inflation is expected to rise 3.4% year over year in March, up from 3.2% in February. Meanwhile, core inflation, which excludes volatile items such as food and fuel, is expected to reach 3.7% year on year, down from 3.8%.<\/p>\n<p>The data comes after hotter-than-expected U.S. jobs data on Friday and then after Federal Reserve rate cut expectations for this year are lowered. Hotter-than-expected inflation data could raise questions over the Federal Reserve&#8217;s ability to cut interest rates the three times this year that it signaled at its March FOMC meeting.<\/p>\n<p>In addition to inflation data, the minutes from the Federal Reserve&#8217;s March meeting will also be released and scrutinized for any further clues about the timing of the first Fed rate cut on the scale that the Fed intends to cut.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises for a fourth day Profit-taking pulled equities from record high US Dollar (USD) falls against its major peers US inflation data is due tomorrow The US Dollar Indian Rupee (USD\/INR) exchange rate is falling for a fourth straight day. The pair fell 0.03% in the previous session, settling on Monday at [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":47323,"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-117580","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, equities ease off record high - 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\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\/\" \/>\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\\\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee rises, equities ease off record high\",\"datePublished\":\"2024-04-09T20:08:56+00:00\",\"dateModified\":\"2024-04-17T11:29:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\\\/\"},\"wordCount\":370,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/indian-rupee-hands-money.jpg\",\"keywords\":[\"inr\",\"usd\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109022-usd-inr-rupee-rises-equities-ease-off-record-high\\\/\",\"name\":\"USD\\\/INR: Rupee rises, equities ease off record high - 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