{"id":119156,"date":"2025-04-23T23:20:48","date_gmt":"2025-04-23T22:20:48","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119156"},"modified":"2025-04-23T23:20:48","modified_gmt":"2025-04-23T22:20:48","slug":"usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\/","title":{"rendered":"USD\/INR: Rupee falls as World Bank cuts Indian growth outlook"},"content":{"rendered":"<ul>\n<li><strong>Indian Rupee (INR) falls for a second day<\/strong><\/li>\n<li><strong>World Bank lowers growth forecast to 6.3%<\/strong><\/li>\n<li><strong>US Dollar (USD) recovers from 3-year low<\/strong><\/li>\n<li><strong>Trump softens trade tariff tone<\/strong><\/li>\n<\/ul>\n<p>The US dollar-to-Indian rupee (USD\/INR) exchange rate rose on Wednesday after a flat finish yesterday. The pair ended at 0% in the previous session, settling on Tuesday at 85.17. At 21:30 UTC USD\/INR trades +0.37% higher at 85.48 and is in a range of 85.08 to 85.52.<\/p>\n<p>The Indian rupee is falling for a second straight day as the World Bank cuts its economic growth forecast for India, citing increased uncertainty in the global economy. The World Bank lowered its forecast by 0.4% to 6.3% for the fiscal year that started on April 1<sup>st<\/sup>.<\/p>\n<p>The World Bank considers that any benefits of private investment from monetary easing and regulatory streamlining will likely be offset by global economic weakness and uncertainty.<\/p>\n<p>The World Bank cut the growth forecast for many southern Asian nations.<\/p>\n<p>Meanwhile, the International Monetary Fund&#8217;s forecast was lowered from 6.5% to 6.2% for the current fiscal year. These provisions are below the Reserve Bank of India&#8217;s 6.5% growth forecast.<\/p>\n<p>The US Dollar is rising across the board. The US Dollar Index, which measures the greenback against a basket of major currencies, rose 0.94% on Wednesday to 99.84, extending gains from Tuesday.<\/p>\n<p>The US dollar is rising against most major currencies on Wednesday amid hopes of a de-escalation of trade tensions and after President Trump walked back firm threats to fire Federal Reserve chair Jerome Powell.<\/p>\n<p>The trump administration also said it would consider lowering tariffs on Chinese goods pending talks with Beijing, lifting hopes that the trade war could calm soon.<\/p>\n<p>U.S. Treasury Secretary Scott Beth separately indicated that there could be a de-escalation in U.S.-China trade tensions, and any trade deal with China could say that trade tariffs will be substantially cut.<\/p>\n<p>On the data front, US PMI figures show that the PMI outperformed expectations., expanding by more than forecast. However, the service sector also saw growth slow considerably from 54.4 to 51.4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee (INR) falls for a second day World Bank lowers growth forecast to 6.3% US Dollar (USD) recovers from 3-year low Trump softens trade tariff tone The US dollar-to-Indian rupee (USD\/INR) exchange rate rose on Wednesday after a flat finish yesterday. The pair ended at 0% in the previous session, settling on Tuesday at [&hellip;]<\/p>\n","protected":false},"author":163946597,"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-119156","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 falls as World Bank cuts Indian 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\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Rupee falls as World Bank cuts Indian growth outlook\",\"datePublished\":\"2025-04-23T22:20:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\\\/\"},\"wordCount\":342,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\\\/#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\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-inr-rupee-falls-as-world-bank-cuts-indian-growth-outlook\\\/\",\"name\":\"USD\\\/INR: Rupee falls as World Bank cuts Indian growth outlook - 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