{"id":118508,"date":"2024-10-29T22:30:37","date_gmt":"2024-10-29T22:30:37","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118508"},"modified":"2024-11-02T10:24:25","modified_gmt":"2024-11-02T10:24:25","slug":"109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\/","title":{"rendered":"USD\/INR: The Rupee holds steady, US consumer confidence surges"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) is holding steady<\/strong><\/li>\n<li><strong>The RBI has calmed volatility<\/strong><\/li>\n<li><strong>US Dollar (USD) is falling versus its major peers<\/strong><\/li>\n<li><strong>US consumer confidence soars<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate has ticked huger after modest losses yesterday. The pair fell 0.04% in the previous session, settling on Monday at 84.06. Today, at 22:00 UTC, USD\/INR is up +0.01% at 84.06 and traded in a range of 84.03 to 84.15.<\/p>\n<p>The Indian rupee remains relatively steady against the US dollar, highlighting the Reserve Bank of India&#8217;s proactive measures to maintain stability.<\/p>\n<p>The RBI&#8217;s recent interventions have kept the rupee&#8217;s fluctuations in check, narrowing its intraday trading range for an 8-day streak.<\/p>\n<p>The control has cooled traders&#8217; demand for large positions in the rupee, calming trading interest and pointing to lower volatility.<\/p>\n<p>Meanwhile, oil prices are inching higher after a 6% decline in the previous session. The latest API inventories data, which showed a larger-than-expected US crude stock oil draw, supported oil prices.<\/p>\n<p>&nbsp;<\/p>\n<p>The US Dollar is flat against the Rupee but falling against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, is falling 0.03%, trading at 104.28 after two days of gains.<\/p>\n<p>The US dollar is edging lower as investors digest the latest Childs job openings and US consumer confidence data.<\/p>\n<p>U.S. consumer confidence surged in October to its highest level in nine months an optimism about the broader economy and the labour market.<\/p>\n<p>The Conference Biard\u2019s gauge of consumer sentiment rose to 108.7, well above expectations of 99.5. Meanwhile, a measure of expectations for the next six months rose to 89.1, the highest level since December 2021.<\/p>\n<p>Meanwhile, JOLTS job openings fell by more than expected to $7.44 million in September, below the $7.99 million expected.<\/p>\n<p>The weaker-than-expected data cast a shadow on the US labour market ahead of a busy week for data, which will include ADP payrolls tomorrow and US non-farm payroll figures on Friday.<\/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 holding steady The RBI has calmed volatility US Dollar (USD) is falling versus its major peers US consumer confidence soars The US Dollar Indian Rupee (USD\/INR) exchange rate has ticked huger after modest losses yesterday. The pair fell 0.04% in the previous session, settling on Monday at 84.06. Today, at 22:00 [&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-118508","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 holds steady, US consumer confidence surges - 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\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\/\" \/>\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\\\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: The Rupee holds steady, US consumer confidence surges\",\"datePublished\":\"2024-10-29T22:30:37+00:00\",\"dateModified\":\"2024-11-02T10:24:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\\\/\"},\"wordCount\":332,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\\\/#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\\\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109139-usd-inr-the-rupee-holds-steady-us-consumer-confidence-surges\\\/\",\"name\":\"USD\\\/INR: The Rupee holds steady, US consumer confidence surges - 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