{"id":118611,"date":"2024-11-21T17:00:50","date_gmt":"2024-11-21T17:00:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118611"},"modified":"2024-11-22T17:16:24","modified_gmt":"2024-11-22T17:16:24","slug":"109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\/","title":{"rendered":"USD\/INR: The Rupee falls to a record low amid Adani fallout"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) falls to a record low<\/strong><\/li>\n<li><strong>RBI forecast 7.6% GDP in Q3<\/strong><\/li>\n<li><strong>US Dollar (USD) is flat against its major peers<\/strong><\/li>\n<li><strong>US jobless claims unexpectedly fall<\/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 after four days of losses. The pair fell -0.04% in the previous session, settling on Wednesday at 84.36. On Tuesday at 14:30 UTC, USD\/INR trades +0.13% at 84.47 and trades in a range of 84.38 to 84.53.<\/p>\n<p>The Indian rupee is falling sharply, dropping to a record low pressurized by foreign portfolio outflows.<\/p>\n<p>Indian stock markets are being dragged lower by a tumble in the Adani group shares as US authorities indicted billionaire Gautam Adani for a suspected role in a $265 million scheme to bribe Indian officials.<\/p>\n<p>The Adani group&#8217;s flagship company, Adani Enterprises, closed 20% lower; meanwhile, benchmark indices in India also registered losses, with the Sensex and the Nifty 50 falling 0.5 and 0.7%, respectively, due to pressure from the Adani group sell-off. Foreign outflows from local equities pulled the rupee lower.<\/p>\n<p>The US Dollar is rising against the Rupee but is flat against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, rose 0.01%, trading at 106.66 after strong gains yesterday.<\/p>\n<p>The US dollar is holding steady after strong gains yesterday as The market weighs up stronger than expected jobless claims data and awaits further cruise over president Trump&#8217;s policies.<\/p>\n<p>Data show that US jobless claims unexpectedly fell to 213,000 in the previous week, down from 217,000 and defying expectations of an increase to 220,000. This marked jobless claims falling to its lowest level since April.<\/p>\n<p>Continuing claims, a proxy for the number of people receiving benefits, climbed to 1.9 million, a three-year high. However, this increase reflects a jump related to the strike at Boeing, which has since been settled. The data highlights the ongoing strength in the US labour market.<\/p>\n<p>The data supports the view that the Federal Reserve will likely adopt a slower pace of cutting interest rates owing to the solid U.S. economy, resilient job market, and expectations that Trump&#8217;s policies will be inflationary when he takes office next year.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/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) falls to a record low RBI forecast 7.6% GDP in Q3 US Dollar (USD) is flat against its major peers US jobless claims unexpectedly fall The US Dollar Indian Rupee (USD\/INR) exchange rate is rising after four days of losses. The pair fell -0.04% in the previous session, settling on Wednesday at [&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-118611","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 to a record low amid Adani fallout - 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\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\/\" \/>\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\\\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: The Rupee falls to a record low amid Adani fallout\",\"datePublished\":\"2024-11-21T17:00:50+00:00\",\"dateModified\":\"2024-11-22T17:16:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\\\/\"},\"wordCount\":369,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\\\/#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\\\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109357-usd-inr-the-rupee-falls-to-a-record-low-amid-adani-fallout\\\/\",\"name\":\"USD\\\/INR: The Rupee falls to a record low amid Adani fallout - 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