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Pound Weakness sends GBP/INR Lower

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Date: May 22nd, 2017.

Investors were not encouraged by April’s Indian balance of trade, with the deficit found to have widened further than forecast on the month. This weakened confidence in the strength of the domestic economy, prompting a fresh round of Rupee selling. Demand for the risk-sensitive Rupee was also weighed down by the jitters surrounding political developments [...]

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GBP INR Trends Higher on Strong UK PMIs

Posted by:
Date: May 4th, 2017.

Brexit-based developments weighed heavily on the Pound this week, with Theresa May taking an increasingly hard line of rhetoric. An apparent deterioration in relations between UK and EU officials prompted renewed Sterling softness, with the odds of the talks ending without a new trade deal rising sharply. With the Conservatives still considered to be on [...]

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GBP INR Nosedives as Brexit Finally Begins

Posted by:
Date: March 29th, 2017.

The Pound to Indian Rupee (GBP INR) exchange rate slumped to a two-week low on Wednesday as Sterling sentiment soured following the announcement that Prime Minister Theresa May signed the letter to trigger Article 50 of the Lisbon Treaty. The GBP INR rate fell to low of 80.48 following the announcement, down from a high [...]

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The Pound to Indian Rupee (GBP INR) exchange rate slumped this afternoon as Prime Minister Theresa May announced that she will trigger Article 50 next Wednesday, effectively beginning the Brexit process and starting two years of negotiations. The GBP INR rate fell to 80.95 following the announcement, down from a high of 81.22 earlier in [...]

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The Pound to Indian Rupee (GBP INR) exchange rate fluctuated on Monday as SNP leader Nicola Sturgeon announced she would be seeking a second referendum on Scottish Independence GBP INR is currently trading around 80.90 after briefly spiking to 81.22 earlier in the morning. The Pound (GBP) softened this afternoon as Scottish First minister Nicola [...]

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The Pound dropped by around -0.5% against the Indian Rupee as GBP suffered in the face of developments in the House of Commons. The Rupee, meanwhile, has been supported by an optimism-inducing growth forecast from PwC and the news that oil prices have slipped. Last week saw the Pound Rupee exchange rate deteriorate overall, with [...]

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The Pound to Indian Rupee (GBP INR) exchange rate tumbled Thursday afternoon after the Bank of England voted to leave monetary policy unchanged at its latest meeting. GBP INR is currently trading around 84.49 following the BoE policy meeting down from around 85.58 earlier this morning. The Pound (GBP) plummeted this afternoon as its members [...]

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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

Posted by:
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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