{"id":99776,"date":"2020-05-05T07:39:01","date_gmt":"2020-05-05T11:39:01","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99776"},"modified":"2020-05-05T10:17:27","modified_gmt":"2020-05-05T14:17:27","slug":"103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/","title":{"rendered":"USD\/INR: Indian Rupee Under Pressure As Indian Economy Struggles"},"content":{"rendered":"<p>The <a href=\"https:\/\/currencylive.com\/news\/currency\/inr\/\">Indian Rupee<\/a> is moving edging lower versus the <a href=\"https:\/\/currencylive.com\/news\/currency\/usd\/\">US Dollar<\/a> on Tuesday, paring gains from the previous session. The Indian Rupee settled on Monday 0.15% stronger at 75.64 amid the partial reopening of the Indian economy.<\/p>\n<p>At 11:45 UTC, <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\">USD\/INR<\/a> is trading 0.1% higher at 75.73. This is towards the higher end of the daily traded range of 75.41 \u2013 75.86.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-inr-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time USD to INR exchange rate<\/span><\/a><\/div>\n<h2>CEA Projects GDP Growth 1% -2%<\/h2>\n<p>The Indian Rupee is trading on the back foot as the Indian economy continues to struggle under the impact of the coronavirus crisis.<\/p>\n<p>India&#8217;s Chief Economic Advisor (CEA) K V Subramanian said that GDP growth in the first quarter of the fiscal year (April \u2013 June) is expected to range\u00a0 between 1% -2% due to the covid-19 crisis, which brought economic activity to a halt. In the second quarter, the economy is expected to pick up as industries restart and supply chains fall back into place.<\/p>\n<p>Subramanian acknowledged that it was difficult to estimate the extent that coronavirus is affecting the labour market given the ongoing uncertainty. He added that the global economic outlook was weak which would almost certainty have negative consequences for the Indian economy as well.<\/p>\n<p>The Chief Economic Advisor\u2019s comments come after data yesterday showed that the Indian manufacturing sector output slumped by the most on record, as both domestic and international demand dried up owing to lockdown restrictions both in India and across the globe.<\/p>\n<p>Over the near term, in addition to the coronavirus situation, US \u2013 China tensions will also be monitored closely. Rising geopolitical tensions can often weigh on risk sentiment, making perceived riskier currencies such as emerging market currencies less attractive. President Trump\u2019s efforts to pin the blame for the coronavirus outbreak on China could result in a second chapter of the trade war. An escalation in tensions could see the Indian Rupee slide back towards its all time lows.<\/p>\n<h2>US Service Sector PMI Under the Spotlight<\/h2>\n<p>US Dollar investors will look towards the release of US ISM non-manufacturing PMI data today. Analysts are expecting a record fall in service sector activity in April, to 32 on the index, down from 52.5 in March. The lockdown measures implemented to protect the public from covid-19 resulted in the evaporation of demand for services, which is expeted to be refleted in the data.<\/p>\n<p>A weak reading could unnerve investors further, boosting demand for the safe haven greenback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Rupee is moving edging lower versus the US Dollar on Tuesday, paring gains from the previous session. The Indian Rupee settled on Monday 0.15% stronger at 75.64 amid the partial reopening of the Indian economy. At 11:45 UTC, USD\/INR is trading 0.1% higher at 75.73. This is towards the higher end of the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1409,1655,1666,1545,1397,1398],"class_list":{"0":"post-99776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-gdp","10":"tag-indian-rupee","11":"tag-inr","12":"tag-service-sector","13":"tag-us-dollar","14":"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 Under Pressure As Indian Economy Struggles - 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\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/\" \/>\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\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/INR: Indian Rupee Under Pressure As Indian Economy Struggles\",\"datePublished\":\"2020-05-05T11:39:01+00:00\",\"dateModified\":\"2020-05-05T14:17:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/\"},\"wordCount\":430,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg\",\"keywords\":[\"gdp\",\"indian rupee\",\"inr\",\"service sector\",\"us dollar\",\"usd\"],\"articleSection\":[\"INR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/\",\"name\":\"USD\\\/INR: Indian Rupee Under Pressure As Indian Economy Struggles - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg\",\"datePublished\":\"2020-05-05T11:39:01+00:00\",\"dateModified\":\"2020-05-05T14:17:27+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg\",\"width\":1200,\"height\":675,\"caption\":\"INR bank notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/INR: Indian Rupee Under Pressure As Indian Economy Struggles\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/INR: Indian Rupee Under Pressure As Indian Economy Struggles - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/INR: Indian Rupee Under Pressure As Indian Economy Struggles","datePublished":"2020-05-05T11:39:01+00:00","dateModified":"2020-05-05T14:17:27+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/"},"wordCount":430,"image":{"@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg","keywords":["gdp","indian rupee","inr","service sector","us dollar","usd"],"articleSection":["INR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/","url":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/","name":"USD\/INR: Indian Rupee Under Pressure As Indian Economy Struggles - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg","datePublished":"2020-05-05T11:39:01+00:00","dateModified":"2020-05-05T14:17:27+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg","width":1200,"height":675,"caption":"INR bank notes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103142-usd-inr-indian-rupee-under-pressure-as-indian-economy-struggles\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/INR: Indian Rupee Under Pressure As Indian Economy Struggles"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/GBP-INR-Rupee-Benefits-from-US-China-Trade-Optimism.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/99776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=99776"}],"version-history":[{"count":4,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/99776\/revisions"}],"predecessor-version":[{"id":99781,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/99776\/revisions\/99781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82150"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=99776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=99776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=99776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}