{"id":82595,"date":"2019-11-25T07:53:34","date_gmt":"2019-11-25T12:53:34","guid":{"rendered":"https:\/\/currencylive.com\/?p=82595"},"modified":"2019-11-25T05:11:06","modified_gmt":"2019-11-25T10:11:06","slug":"101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\/","title":{"rendered":"USD\/INR: Rupee Set to Fall on Diminishing Trade Deal Agreement by Year End"},"content":{"rendered":"\n\n\n
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Indian Rupee is set to fall on diminishing hopes of a trade deal by year-end. On the interbank market, the USD\/INR<\/a> exchange rate settled up for three consecutive weeks. The pair closed at 71.62 on Friday, surging 0.17% during last week\u2019s trading activity. During the early Asia trading hours and after the London open, Rupee was seen quote slightly lower, around 71.49 against the US dollar.<\/p>\n

According to the Chinese President Xi Jinping, China wouldn\u2019t budge on its trade ambitions and \u201cit\u2019s not afraid\u201d of a trade war with the world\u2019s biggest economy. The hope of a trade agreement between the world\u2019s two biggest economies by year-end has diminished after the US Congress backed protesters in Hong Kong.<\/p>\n

\u201cAs we always said we don’t want to start the trade war, but we are not afraid. When necessary, we will fight back, but we have been working actively to try not to have a trade war,\u201d said China\u2019s Xi during the New Economy Forum, held at the Great Hall of the People in Beijing.<\/p>\n

US President Donald Trump said that he remains confident that an intermediary trade deal can be reached by year-end. However, he also commented that he supported the protesters in Hong Kong.<\/p>\n

The domestic benchmark equity index NIFTY 50 closed indecisive during the previous week of trading activity, settling at 11914. However, during early Asia trading hours, NIFTY 50 was seen recovering most of its losses trading at 12050. The Indian 10-year government bond yield closed at 6.47 versus the 6.50 previous closing prices.<\/p>\n

The dollar index closed higher during last week\u2019s trading activity settling at 98.27 registering a 0.3% gain.<\/p>\n

USD\/INR Technical Pattern<\/h3>\n

On the technical front, the USD\/INR exchange rate established a trading range between support level 71.44 and resistance level 71.87 over the past week. As long as the pair is trading above the key 200-day moving average, the bullish momentum might prevail.<\/p>\n\n\n\n
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Indian Rupee is set to fall on diminishing hopes of a trade deal by year-end. On the interbank market, the USD\/INR exchange rate settled up for three consecutive weeks. The pair closed at 71.62 on Friday, surging 0.17% during last week\u2019s trading activity. During the early Asia trading hours and after the London open, Rupee […]<\/p>\n","protected":false},"author":163946598,"featured_media":5629,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1892,1655,1720,1397,1805,1862],"class_list":{"0":"post-82595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-forex-news","10":"tag-indian-rupee","11":"tag-nifty-50","12":"tag-us-dollar","13":"tag-us-china-trade","14":"tag-usd-inr"},"acf":[],"yoast_head":"\nUSD\/INR: Rupee Set to Fall on Diminishing Trade Deal Agreement by Year End - 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\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\/\" \/>\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\\\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Set to Fall on Diminishing Trade Deal Agreement by Year End\",\"datePublished\":\"2019-11-25T12:53:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\\\/\"},\"wordCount\":575,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100655-gbp-usd-pound-under-pressure.jpg\",\"keywords\":[\"forex news\",\"indian rupee\",\"NIFTY 50\",\"us dollar\",\"us-china trade\",\"usd\\\/inr\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101586-usd-inr-rupee-set-to-fall-on-diminishing-trade-deal-agreement-by-year-end\\\/\",\"name\":\"USD\\\/INR: Rupee Set to Fall on Diminishing Trade Deal Agreement by Year End - 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