{"id":61476,"date":"2019-11-01T08:36:47","date_gmt":"2019-11-01T12:36:47","guid":{"rendered":"https:\/\/currencylive.com\/?p=61476"},"modified":"2019-11-01T08:37:20","modified_gmt":"2019-11-01T12:37:20","slug":"101383-indian-rupee-strengthens-amid-trade-tensions","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101383-indian-rupee-strengthens-amid-trade-tensions\/","title":{"rendered":"USD\/INR: Indian Rupee Strengthens amid Trade Tensions"},"content":{"rendered":"<p>Indian Rupee strengthens against the US dollar amid escalating trade tensions between China and the US. The USD\/INR exchange rate settled 27 paise higher at 70.92 to the US dollar on Thursday close. But Rupee was seen trading around 70.68 to the US dollar recovering some of the early losses as we go into the London trading session.<\/p>\n<p>China officials are skeptical about reaching a long-term trade deal with the Trump administration. Phase-one of the Trump \u2014 Xi trade deal remains on the table despite the Chile summit cancellation. Expectations for other agreements are less likely according to some Chinese officials.<\/p>\n<p>President Donald Trump remains confident that a long-term trade deal can be accomplished between the two economies. He said on Thursday:<\/p>\n<p><em>\u201cChina and the USA are working on selecting a new site for signing of Phase One of Trade Agreement, about 60% of total deal, after APEC in Chile was canceled do to unrelated circumstances. The new location will be announced soon. President Xi and President Trump will do signing,\u201d<\/em> said the US President in a Tweet.<\/p>\n<p>Globally, US dollar has responded negatively after the Fed decided to cut interest rates for the third time this year. However, emerging market currencies like the Rupee couldn\u2019t take advantage of the US dollar broad-based weakness and continue to suffer. The dollar index closed the previous trading day lower at 97.45<\/p>\n<p>During the Asia trading hours, the NIFTY 50 was quoted around 11877 trading in a tight trading range. The Indian 10-year government bond yield has registered a -1.72% loss being quoted around 6.529.<\/p>\n<table style=\"height: 132px;\" width=\"1043\">\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F61476&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-61179 aligncenter\" style=\"padding-top: 15px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/10\/transferwise-keep_your_money-generic-655x110.png\" alt=\"\" width=\"655\" height=\"110\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/transferwise-keep_your_money-generic-655x110.png 655w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/transferwise-keep_your_money-generic-655x110-300x50.png 300w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/a><\/p>\n<h6 style=\"text-align: center;\">Advertisement<\/h6>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2>USD\/INR Technical Pattern<\/h2>\n<p>The USD\/INR technical pattern looks doesn\u2019t seem to provide traders with a clear market direction. The exchange rate continues to remain trapped in a consolidation. Investors could keep their eyes on key support level 70.350. While on the upside, traders could eye the key resistance level established around the 71.000 level.<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em>\u00a0is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Indian Rupee strengthens against the US dollar amid escalating trade tensions between China and the US. The USD\/INR exchange rate settled 27 paise higher at 70.92 to the US dollar on Thursday close. But Rupee was seen trading around 70.68 to the US dollar recovering some of the early losses as we go into the [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":61480,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1769,1712,1747,1655,1666,1397,1398],"class_list":{"0":"post-61476","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-chile-summit","10":"tag-donald-trump","11":"tag-indian-economy","12":"tag-indian-rupee","13":"tag-inr","14":"tag-us-dollar","15":"tag-usd"},"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: Indian Rupee Strengthens amid Trade Tensions - 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\/101383-indian-rupee-strengthens-amid-trade-tensions\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101383-indian-rupee-strengthens-amid-trade-tensions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101383-indian-rupee-strengthens-amid-trade-tensions\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Indian Rupee Strengthens amid Trade Tensions\",\"datePublished\":\"2019-11-01T12:36:47+00:00\",\"dateModified\":\"2019-11-01T12:37:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101383-indian-rupee-strengthens-amid-trade-tensions\\\/\"},\"wordCount\":566,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101383-indian-rupee-strengthens-amid-trade-tensions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-stock-market.jpg\",\"keywords\":[\"Chile summit\",\"Donald Trump\",\"indian economy\",\"indian rupee\",\"inr\",\"us dollar\",\"usd\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101383-indian-rupee-strengthens-amid-trade-tensions\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101383-indian-rupee-strengthens-amid-trade-tensions\\\/\",\"name\":\"USD\\\/INR: Indian Rupee Strengthens amid Trade Tensions - 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