# INR vs USD: Rupee-dollar deviation to remain stable in July, US Fed rate cut remains a major trigger

> The rupee climbed toward 68.5 per dollar as investors speculated that the US Federal Reserve might delay the rate cut it had signalled in June, following strong US jobs data. Analysts expected the rupee to trade between 68.4 and 69.2 through July.

- Date: 2019-07-08 · published 2019-07-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/58374-inr-vs-usd-rupee-dollar-deviation-to-remain-stable-in-july-us-fed-rate-cut
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expectations of a delayed Fed cut support the dollar and pressure emerging-market currencies, which can raise import costs for India. The effect on feed prices is indirect.

## Read by commodity

- USDINR: bearish ▼

## Sources

- zeebiz.com: https://www.zeebiz.com/india/news-inr-vs-usd-rupee-dollar-deviation-to-remain-stable-in-july-us-fed-rate-cut-remains-a-major-trigger-104965

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