{"id":117595,"date":"2024-04-11T19:24:26","date_gmt":"2024-04-11T18:24:26","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=117595"},"modified":"2024-04-17T12:30:30","modified_gmt":"2024-04-17T11:30:30","slug":"109027-usd-inr-rupee-rises-despite-weak-chinese-inflation","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\/","title":{"rendered":"USD\/INR: Rupee rises despite weak Chinese inflation"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) rises after losses yesterday<\/strong><\/li>\n<li><strong>China\u2019s inflation falls 1% MoM in March<\/strong><\/li>\n<li><strong>US Dollar (USD) holds steady versus major peers<\/strong><\/li>\n<li><strong>US PPI inflation rose 2.4% YoY<\/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 after yesterday&#8217;s gains. The pair rose 0.25% in the previous session, settling on Wednesday at 82.38. At 17:00 UTC, USD\/INR trades -0.06% at 82.33 and is in a range of 83.03 to 82.94.<\/p>\n<p>The Rupee is rising despite weaker-than-expected Chinese inflation data.<\/p>\n<p>Chinese inflation cooled more than expected in March, missing forecasts and raising concerns about consumer demand in the world&#8217;s second-largest economy and one of India&#8217;s largest trading partners. Chinese inflation fell by 0.7% year on year in February, below the 0.4% forecast and down significantly from a 1% gain.<\/p>\n<p>The data comes as China faces risks of risk of deflation and domestic demand remains weak.<\/p>\n<p>Yesterday Fitch Ratings agency downwardly revised China China&#8217;s credit rating amid concerns over debt levels and slow growth.<\/p>\n<p>The US Dollar is falling against the Rupee but holding steady against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at +0.02% at the time of writing at 105.26, recovering from losses yesterday.<\/p>\n<p>The USD is holding steady after US wholesale inflation data, and despite US jobless claims, it is showing resilience in the labour market.<\/p>\n<p>The US producer price index, which measures inflation at the factory gate level, was 0.2% month over month in March, down from 0.6% in February. However, on an annual basis, the PPI actually ticked higher to 2.4%, above the forecast 2.3% in February.<\/p>\n<p>The data comes after yesterday&#8217;s stronger-than-expected consumer price index. Yesterday, CPI rose for a third straight month to 3.5% year on year, up from 3.2% in February. The stronger-than-expected inflation reports saw the market push back Federal Reserve rate cut expectations.<\/p>\n<p>Meanwhile the jobs data her jobless claims were slightly stronger than expected at 211,000. The jobs market has continued to show resilience despite interest rates at a 22 year high.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises after losses yesterday China\u2019s inflation falls 1% MoM in March US Dollar (USD) holds steady versus major peers US PPI inflation rose 2.4% YoY The US Dollar Indian Rupee (USD\/INR) exchange rate is falling after yesterday&#8217;s gains. The pair rose 0.25% in the previous session, settling on Wednesday at 82.38. At [&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-117595","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 despite weak Chinese inflation - 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\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\/\" \/>\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\\\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee rises despite weak Chinese inflation\",\"datePublished\":\"2024-04-11T18:24:26+00:00\",\"dateModified\":\"2024-04-17T11:30:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\\\/#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\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109027-usd-inr-rupee-rises-despite-weak-chinese-inflation\\\/\",\"name\":\"USD\\\/INR: Rupee rises despite weak Chinese inflation - 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