{"id":118343,"date":"2024-09-25T22:58:35","date_gmt":"2024-09-25T21:58:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118343"},"modified":"2024-09-26T19:09:17","modified_gmt":"2024-09-26T18:09:17","slug":"109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\/","title":{"rendered":"USD\/INR: Rupee and oil fall amid doubts over China"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) is falling for a 3<sup>rd<\/sup> day<\/strong><\/li>\n<li><strong>Chinese stimulus may not be enough<\/strong><\/li>\n<li><strong>US Dollar (USD) rises versus its major peers<\/strong><\/li>\n<li><strong>US consumer confidence tumbles<\/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 0.08% in the previous session, settling on Tuesday at 83.560. At 19:00 UTC, USD\/INR trades 0.02% at 83.61 and is in a range of 83.51 to 83.74.<\/p>\n<p>The Indian rupee is falling as investors continue to consider yesterday&#8217;s announcement of Chinese stimulus measures and as oil prices drop. \u00a0A boost to the Chinese economy is expected to be good news from trading partner India. However, the market is questioning whether it will be enough.<\/p>\n<p>Meanwhile, oil prices dropped over 2% on Wednesday, giving back gains from earlier in the week amid concerns over the oil outlook. Will China\u2019s stimulus be enough to create sustained growth?<\/p>\n<p>The US Dollar is rising against the Rupee but falling versus its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at +0.50% at the time of writing at 100.93, recovering from losses yesterday.<\/p>\n<p>The US dollar is rising after recovering from a 14-month low against its major peers as investors look ahead to a busier second half of the week, including a speech by Federal Reserve chair Jerome Powell tomorrow.<\/p>\n<p>The USD had fallen earlier in the session as investors continued to weigh up weaker-than-expected U.S. consumer confidence data, which raised concerns about a hard landing in the U.S.<\/p>\n<p>However, the greenback recovered higher as investors await US jobless claims data tomorrow and speeches by several Federal Reserve officials, including Chair Powell.<\/p>\n<p>US jobless claims are expected to rise modestly to 225K, up from 219 K, which would suggest that the US jobs market remains steady.<\/p>\n<p>However, Powell\u2019s speech will be the main focus, with investors looking for further clues over what the Fed&#8217;s next move might look like. The market is pricing in a 58% probability that the Fed will cut rates by 50 basis points when it meets again in November<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) is falling for a 3rd day Chinese stimulus may not be enough US Dollar (USD) rises versus its major peers US consumer confidence tumbles The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a third straight day. The pair rose 0.08% in the previous session, settling on Tuesday at 83.560. [&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":[1381],"tags":[1666,1398,1862],"class_list":["post-118343","post","type-post","status-publish","format-standard","has-post-thumbnail","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 and oil fall amid doubts over China - 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\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\/\" \/>\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\\\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee and oil fall amid doubts over China\",\"datePublished\":\"2024-09-25T21:58:35+00:00\",\"dateModified\":\"2024-09-26T18:09:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\\\/\"},\"wordCount\":360,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"inr\",\"usd\",\"usd\\\/inr\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109270-usd-inr-rupee-and-oil-fall-amid-doubts-over-chinaindian-rupee-inr-is-falling-for-a-3rd-day-chinese-stimulus-may-not-be-enough-us-dollar-usd-rises-versus-its-major-pe\\\/\",\"name\":\"USD\\\/INR: Rupee and oil fall amid doubts over China - 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