{"id":118585,"date":"2024-11-16T23:26:49","date_gmt":"2024-11-16T23:26:49","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118585"},"modified":"2024-11-19T18:30:57","modified_gmt":"2024-11-19T18:30:57","slug":"109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\/","title":{"rendered":"USD\/INR: The Rupee rises despite the RBI Foreign Reserves falling"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) rises after 3-das of loses<\/strong><\/li>\n<li><strong>RBI sees foreign reserve outflows<\/strong><\/li>\n<li><strong>US Dollar (USD) rises to a 2020 high versus major peers<\/strong><\/li>\n<li><strong>Trump trade &amp; inflation boosts the USD<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Indian Rupee (USD\/INR) exchange rate fell on Friday after 3 days of gains. The pair rose 0.05% in the previous session, settling on Thursday at 84.46. On Friday, USD\/INR settled down 0.06% at 84.42 and traded in a range of 84.38 to 84.47.<\/p>\n<p>Pay fell across the week I made a stronger U.S. dollar, and India&#8217;s foreign exchange reserves dropped for a sixth straight week to an almost three-month low. Reserves dropped to $675.65 billion as of November 8th, according to data from the Reserve Bank of India.<\/p>\n<p>The reserves fell by $6.5 billion in the reporting week, down $29.2 billion from the record high of $704.9 billion in September.<\/p>\n<p>Changes to phone currency assets have been caused by the RBI&#8217;s intervention in the forex market and by the appreciation or depreciation of foreign assets held in the reserve.<\/p>\n<p>The US Dollar rose across the board on Friday. The US Dollar Index, which measures the greenback versus a basket of major currencies, rose 0.02%, trading at 106.69. This marks a sixth straight day of gains as the Trump Trade continues.<\/p>\n<p>The U.S. dollar booked gains on Friday and saw strong gains across the week, with the US dollar index reaching a 2024 high against its major peers.<\/p>\n<p>The US dollar rose across the previous week on expectations that the Federal Reserve will cut rates or at a slower pace after Federal Reserve chair Jerome Powell said the Fed was in no rush to ease monetary policy. He cited strong growth, a resilient labor market, and inflation still above the central bank&#8217;s 2% target. I first seem to be cautious when cutting rates.<\/p>\n<p>Meanwhile, data last week also supported the Fed&#8217;s adoption of a more gradual approach to rate cuts as CPI and PPI both showed an uptick in inflation.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) rises after 3-das of loses RBI sees foreign reserve outflows US Dollar (USD) rises to a 2020 high versus major peers Trump trade &amp; inflation boosts the USD The US Dollar Indian Rupee (USD\/INR) exchange rate fell on Friday after 3 days of gains. The pair rose 0.05% in the previous session, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82150,"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":{"0":"post-118585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-inr","10":"tag-usd","11":"tag-usd-inr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/INR: The Rupee rises despite the RBI Foreign Reserves falling - 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\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\/\" \/>\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\\\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: The Rupee rises despite the RBI Foreign Reserves falling\",\"datePublished\":\"2024-11-16T23:26:49+00:00\",\"dateModified\":\"2024-11-19T18:30:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\\\/\"},\"wordCount\":334,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.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\\\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109347-usd-inr-the-rupee-rises-despite-the-rbi-foreign-reserves-falling\\\/\",\"name\":\"USD\\\/INR: The Rupee rises despite the RBI Foreign Reserves falling - 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