{"id":84415,"date":"2020-01-02T05:41:40","date_gmt":"2020-01-02T10:41:40","guid":{"rendered":"https:\/\/currencylive.com\/?p=84415"},"modified":"2020-01-02T06:21:29","modified_gmt":"2020-01-02T11:21:29","slug":"101939-usd-inr-rupee-steady-on-first-trading-day-of-2020","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\/","title":{"rendered":"USD\/INR: Rupee Steady on First Trading Day of 2020"},"content":{"rendered":"<p>The Indian Rupee has kick started the first trading day of 2020 on a positive note against the greenback. At the foreign exchange market, the value of Rupee appreciates by 10 paise on Wednesday, settling higher at 71.22 against the US dollar.<\/p>\n<p>During the early Asia trading hours, the <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">USD\/INR exchange rate<\/a> was seen quoted within a range of 71.19 \u2014 71.33. India\u2019s Rupee showed some strength last year, despite an economic slowdown and several rate cuts delivered by the Reserve Bank of India. However, the Rupee\u2019s gains were limited and according to some analysts INR is projected to weaken by the end of 2020.<\/p>\n<p>The dollar index, which gauges the greenback&#8217;s strength against a basket of major currencies, plunged to a 6-months low as year-end liquidation continued. The year-end sell off has trimmed US dollar\u2019s gains to near 0.6% compared to 4.4% in 2018.<\/p>\n<p>Elsewhere, foreign institutional investors (FIIS) were net sellers of shares in the local equity market worth Rs -58.87 crore; according to the National Stock Exchange of India data published at the end of Friday\u2019s trading session. At the same time Domestic institutional investors were net buyers, investing Rs 208.47 crore.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>In other news, the US President Donald Trump lifted up the market sentiment by suggesting that the world\u2019s two most powerful economies in the world are ready to officially sign a trade deal on January 15.<\/p>\n<p>\u201c<i>I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!<\/i>\u201d Donald Trump said in a tweet.<\/p>\n<p>The domestic benchmark equity index NIFTY 50 traded slightly lower on the first trading day of the year and settled at 12,182. During early Asia trading hours NIFTY 50 was seen quoted higher around the 12,260 level.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The Indian 10-year government bond yield was seen quoted at 6.51% in morning trade compared with its previous close of 6.50%.<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is 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>The Indian Rupee has kick started the first trading day of 2020 on a positive note against the greenback. At the foreign exchange market, the value of Rupee appreciates by 10 paise on Wednesday, settling higher at 71.22 against the US dollar. During the early Asia trading hours, the USD\/INR exchange rate was seen quoted [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1852,2024,1666,1720,1750,1829,1398],"class_list":{"0":"post-84415","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-economy","10":"tag-foreign-exchange-market","11":"tag-inr","12":"tag-nifty-50","13":"tag-reserve-bank-of-india","14":"tag-us-china-deal","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: Rupee Steady on First Trading Day of 2020 - 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\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\/\" \/>\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\\\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/INR: Rupee Steady on First Trading Day of 2020\",\"datePublished\":\"2020-01-02T10:41:40+00:00\",\"dateModified\":\"2020-01-02T11:21:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\\\/\"},\"wordCount\":589,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-INR-Indian-Rupee-Pares-Losses-after-Inflation-Surprise.jpg\",\"keywords\":[\"economy\",\"foreign exchange market\",\"inr\",\"NIFTY 50\",\"Reserve Bank of India\",\"us-china deal\",\"usd\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101939-usd-inr-rupee-steady-on-first-trading-day-of-2020\\\/\",\"name\":\"USD\\\/INR: Rupee Steady on First Trading Day of 2020 - 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