{"id":118459,"date":"2024-10-15T16:44:54","date_gmt":"2024-10-15T15:44:54","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118459"},"modified":"2024-10-17T11:53:18","modified_gmt":"2024-10-17T10:53:18","slug":"109298-usd-inr-rupee-is-unchanged-as-inflation-rises","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\/","title":{"rendered":"USD\/INR: Rupee is unchanged as inflation rises"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) is unchanged after losses yesterday<\/strong><\/li>\n<li><strong>Inflation jumped to 5.49% in September<\/strong><\/li>\n<li><strong>US Dollar (USD) falls versus its major peers<\/strong><\/li>\n<li><strong>NY Empie State manufacturing fell -11.9 in October<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee <a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-usd-to-inr-exchange-rate-today\/\">(USD\/INR<\/a>) exchange rate is holding steady after yesterday&#8217;s losses. The pair fell 0.07% in the previous session, settling on Monday at 84.04. Today, at 16:00 UTC, USD\/INR is down 0.01% at 84.03 and traded in a range of 84.02 to 84.07.<\/p>\n<p>The Rupee is unchanged despite a sharp jump in India&#8217;s retail inflation for September, prompting economists to push back rate cut expectations into the first half of 2025.<\/p>\n<p>Annual retail inflation was 5.49% in September, its highest level in nine months amid rising food prices. Inflation jumped sharply from 3.65% in August and was well ahead of forecasts of 5.04%.<\/p>\n<p>For now, the data and rising inflationary risks do not favour a December rate cut. February 2025 or even April 2025 could be possible dates for the first cut.<\/p>\n<p>The RBI held interest rates steady at 6.5% for a tenth straight meeting last week but turned its stance to neutral, suggesting that the next move will be a cut.<\/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, is falling 0.19% to trade at 102.88 after strong gains yesterday.<\/p>\n<p>The U.S. dollar is edging lower on Tuesday after but remains near its highest level in over two months as traders assess the economic and monetary policy outlook.<\/p>\n<p>The New York Empire State manufacturing index sank to -11.9 in October, marking a 5-month low, suggesting a contraction in business activity in New York after a positive September.<\/p>\n<p>Looking ahead, this week&#8217;s data on retail sales and industrial production will offer more insight into the strength of the US consumer and industrial sectors.<\/p>\n<p>The market is pricing in a nearly 88% chance that the Federal Reserve will cut rates by 25 basis points in November after a 50 basis point reduction in September.<\/p>\n<p>Yesterday, Federal Reserve governor Christopher Waller warned against cutting interest rates too quickly.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) is unchanged after losses yesterday Inflation jumped to 5.49% in September US Dollar (USD) falls versus its major peers NY Empie State manufacturing fell -11.9 in October The US Dollar Indian Rupee (USD\/INR) exchange rate is holding steady after yesterday&#8217;s losses. The pair fell 0.07% in the previous session, settling on Monday [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":80615,"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-118459","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 is unchanged as inflation rises - 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\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\/\" \/>\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\\\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee is unchanged as inflation rises\",\"datePublished\":\"2024-10-15T15:44:54+00:00\",\"dateModified\":\"2024-10-17T10:53:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\\\/\"},\"wordCount\":346,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Awaiting-Inflation-Data-from-UK-India.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\\\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109298-usd-inr-rupee-is-unchanged-as-inflation-rises\\\/\",\"name\":\"USD\\\/INR: Rupee is unchanged as inflation rises - 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