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GBP to INR Forecasts

Against all the odds, the Pound has risen dramatically against the Indian Rupee today, following a broad-based rally following a highly-anticipated speech from UK Prime Minister Theresa May. The Indian Rupee has failed to gain a foothold against the extremely desirable Pound and has dipped following a rise in the cost of crude oil. Last [...]

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Worries over the prospect of a hard Brexit weighed heavily on the GBP INR exchange rate in the early week, particularly as risk appetite was also generally elevated. Feathers were ruffled by Theresa May’s comment that the government was not interesting in holding onto ‘bits’ of its EU membership. This was seen to raise the [...]

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Upbeat UK Data Sends GBP INR Higher

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Date: January 3rd, 2017.

While these are very early days for 2017, the Pound Indian Rupee exchange rate has not been disappointing to investors, having risen to a rate of 83.89 on Tuesday’s trading session thanks to an unexpected surprise from domestic data. Fresh Indian economic news has been thin on the ground, leaving last year’s hangover of the [...]

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GBP/INR Edges Lower on Autumn Statement Jitters

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Date: November 23rd, 2016.

The Pound to Indian Rupee exchange rate edged lower on Wednesday despite the limp performance of the Indian Rupee, as investors sold off the Pound amid bearish expectations for Autumn budget statement. While GBP/INR does remain well above the week’s opening levels of 84.16 however. The Pound surged on Monday due to a small burst [...]

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GBP INR Volatile as Brexit Concerns Rumble On

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Date: November 17th, 2016.

The Pound to Indian Rupee (GBP INR) exchange rate has struggled to regain its recent losses as ‘Brexit’ sentiment remains low since the leaking of a supposed memo on Tuesday. GBP INR is currently trading at around 84.45 on the interbank market. The Pound (GBP) has suffered from further ‘Brexit’ uncertainty this week after Sterling’s [...]

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The Pound to Indian Rupee exchange rate has slipped throughout the week so far despite mixed demand for the Rupee, as Sterling was sold across on the board on the latest Brexit news. The pair began the week trading at around 86.2938 but fell on Monday. Its lows were extended on Tuesday as Rupee sentiment [...]

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Pound Sterling exchange rates may have been on a steady downtrend last week, but the current week has seen a significant improvement in GBP/INR, with the pairing rising from an initial low of 86.0571 to a high of 87.3690. The Indian Rupee has been having a tougher time against its peers, with the rising cost of [...]

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Although Chinese exports were found to have sunk further-than-forecast in July the resultant increase in market risk aversion failed to particularly weigh on the Indian Rupee. Despite its close proximity to the Chinese economy investors remained confident in India’s outlook, with the emerging-market currency also benefitting from US Dollar weakness. As markets are increasingly dismissive [...]

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Lloyds Banking Group are dovishly preparing for lower UK interest rates, causing the Pound Indian Rupee (GBP INR) exchange rate to weaken. Since the 2008 financial crisis, Lloyds Banking Group has been on a serious cost-cutting exercise, having already shed around 54,000 jobs. In October 2014 Lloyds Banking Group announced a further 9,000 roles would [...]

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Sterling has made astonishing gains against its peers today, with positive progress being recorded throughout the day. The Rupee has been less desirable by comparison, having slipped on rising commodity costs. At its height this week, the Pound has risen from an initial dip of 86.3912 against the Rupee to a high of 89.5470. Thursday [...]

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