# Indian rupee to see muted reaction to US inflation flare-up - Markets - Business Recorder

> The Indian rupee was expected to open little changed on Friday despite a rise in US inflation that lifted Treasury yields and reduced the chance of near-term Fed rate cuts. US core PCE rose 3.7% in the first quarter, above expectations.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31014-indian-rupee-to-see-muted-reaction-to-us-inflation-flare-up-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Stronger US inflation and higher yields keep the dollar firm, which pressures dollar-priced commodities and raises import costs for emerging-market buyers.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-30 | [Indian rupee to struggle on more Fed rate hike bets; US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/35782-indian-rupee-to-struggle-on-more-fed-rate-hike-bets-us-yields-surge-markets.md) | -0.4% | -1.5% |
| DXY | 2021-11-11 | [Indian bonds, rupee take US inflation scare relatively easy \| News on Markets - Business Standard](https://feedsoft.ai/events/44322-indian-bonds-rupee-take-us-inflation-scare-relatively-easy-news-on-markets.md) | +0.8% | +1.2% |
| DXY | 2024-03-15 | [Indian rupee poised to weaken as Fed rate cut expectations recede more - Markets - Business Recorder](https://feedsoft.ai/events/31480-indian-rupee-poised-to-weaken-as-fed-rate-cut-expectations-recede-more-markets.md) | +0.5% | +1.1% |
| DXY | 2021-11-26 | [India rupee sees worst week in seven on new variant - Markets - Business Recorder](https://feedsoft.ai/events/44318-india-rupee-sees-worst-week-in-seven-on-new-variant-markets-business-recorder.md) | -0.2% | -0.6% |
| DXY | 2023-09-28 | [Indian rupee poised to test record low as oil prices, US yields climb - Markets - Business Recorder](https://feedsoft.ai/events/34393-indian-rupee-poised-to-test-record-low-as-oil-prices-us-yields-climb-markets.md) | +0.5% | +0.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40300430

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.