{"id":118495,"date":"2024-10-22T23:01:35","date_gmt":"2024-10-22T22:01:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118495"},"modified":"2024-11-02T10:25:47","modified_gmt":"2024-11-02T10:25:47","slug":"109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\/","title":{"rendered":"USD\/INR: The Rupee falls despite the IMF maintaining its growth outlook"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) is falling for a 4<sup>th<\/sup> day<\/strong><\/li>\n<li><strong>The IMF maintains growth of 7% this year in India<\/strong><\/li>\n<li><strong>US Dollar (USD) is rising versus its major peers<\/strong><\/li>\n<li><strong>USD is on track for its strongest October in over a decade<\/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 rising for a fourth straight day. The pair rose 0.01% in the previous session, settling on Monday at 84.07. Today, at 22:00 UTC, USD\/INR is up +0.04% at 84.10 and traded in a range of 84.06 to 84.19.<\/p>\n<p>The Indian rupee is falling lower despite the International Monetary Fund maintaining its global growth forecast for 2024 and 2025 at 3.2%. The IMF, in its latest world economic outlook report, \u00a0also kept India&#8217;s growth projections unchanged at 7% for 2024 and 6.5% for 2025, as pent-up demand from the pandemic has been exhausted.<\/p>\n<p>According to the IMF, China, the largest economy in Asia and the world\u2019s second-largest economy, is expected to grow by 4.5% in 2024, a downward revision.<\/p>\n<p>The US Dollar is rising across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, is rising 0.07%, trading at 104\/.08 after gains yesterday.<\/p>\n<p>The US dollar is enjoying its third weekly when it is on track for its largest October gains in over a decade.<\/p>\n<p>The U.S. dollar index has risen about 2.5% so far in October, marking its best monthly performance since September 2022.<\/p>\n<p>The U.S. dollar has been boosted by several bullish factors, including high U.S. Treasury yields, safe haven flows amid geopolitical tensions, and upbeat data that points to a resilient U.S. economy.<\/p>\n<p>This week has been quiet as far as economic data is concerned. However, plenty of Fed speakers see more interest rate cuts coming, although there is a lack of consensus over the timing of such cuts.<\/p>\n<p>The market is pricing in a 90% chance of the Federal Reserve cutting rates by 25 basis points in the November meeting.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) is falling for a 4th day The IMF maintains growth of 7% this year in India US Dollar (USD) is rising versus its major peers USD is on track for its strongest October in over a decade The US Dollar Indian Rupee (USD\/INR) exchange rate is rising for a fourth straight day. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82827,"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-118495","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 despite the IMF maintaining its growth outlook - 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\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\/\" \/>\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\\\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: The Rupee falls despite the IMF maintaining its growth outlook\",\"datePublished\":\"2024-10-22T22:01:35+00:00\",\"dateModified\":\"2024-11-02T10:25:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\\\/\"},\"wordCount\":326,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.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\\\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109308-usd-inr-the-rupee-falls-despite-the-imf-maintaining-its-growth-outlook\\\/\",\"name\":\"USD\\\/INR: The Rupee falls despite the IMF maintaining its growth outlook - 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