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A round up of the latest Indian Rupee forecast news items from the Currency News desk.

Pound to Indian Rupee Advances on Services PMI and Oil Price Rise

6 May 2015 at 11 AM - Written by Toni Johnson

Pound to Indian Rupee Advances on Services PMI and Oil Price Rise The Pound Sterling firmed against the Indian Rupee following the release of economic data, which showed that the UK’s services sector grew at its strongest pace in eight-months in April. The Indian currency also came under pressure as oil prices jumped to the highest...

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Indian Rupee Exchange Rate Forecast to Recover Against US Dollar

29 Apr 2015 at 2 PM - Written by Tim Boyer

Indian Rupee Forecast to Recover Against US Dollar The Indian Rupee has been weaker against its major peers over the past few sessions as the currency was negatively impacted by the earthquake in neighbouring Nepal and concerns that the strength of the Rupee is harming the nation’s exports. Against the Euro, the Indian Rupee has...

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Pound Sterling to Indian Rupee Advances on Monsoon Worries

22 Apr 2015 at 5 PM - Written by Frank Davies

Pound Sterling to Indian Rupee Advances on Monsoon Worries The Pound Sterling made gains against the Indian Rupee as concerns over a lacklustre monsoon season caused investors to raise their bets that food price inflation will spike sharply over the next month. The Indian currency was also under pressure from a lack of demand for riskier...

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Indian Rupee Advances against Pound Sterling as IMF Comments Support

15 Apr 2015 at 10 PM - Written by Frank Davies

Indian Rupee Advances against Pound Sterling as IMF Comments Support The Indian Rupee strengthened against the Pound Sterling and US Dollar as the currency continued to receive support from comments made by the International Monetary Fund (IMF), which said that India’s economic growth is likely to outpace China’s in 2016. According to...

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Indian Rupee stronger on risk on trading

8 Apr 2015 at 11 PM - Written by Tim Boyer

The Indian Rupee made gains against the US Dollar after it and other riskier assets found support from increased demand from investors. Risk appetite was bolstered by expectations that the US Federal Reserve will delay hiking interest rates. Previously, investors had been expecting the Fed to begin raising rates in the summer, but a string of...

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US Dollar to Indian Rupee (USD/INR) Exchange Rate Trends in Narrow Range before NFP Report

2 Apr 2015 at 4 PM - Written by John Cameron

The US Dollar to Indian Rupee (USD/INR) exchange rate was trending in a narrow range on Thursday as positive US reports failed to give the ‘Greenback’ much of a boost ahead of the release of the highly-influential US Non-Farm Payrolls report. The USD/INR pairing was trading in the region of 62.1120, having moved between highs of 62.3200...

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Pound to Indian Rupee Exchange Rate Firms on UK Mortgage Approvals Data

25 Mar 2015 at 10 PM - Written by Tim Boyer

The Pound firmed from the previous sessions decline against the Indian Rupee as the UK currency received support from a better than forecast report on UK mortgage approvals. The Indian currency meanwhile weakened due to an increased demand for US Dollars from the nation’s importers. Earlier in the week, the Pound had weakened against the...

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Pound to India Rupee Exchange Rate Falls on UK Data & Budget

18 Mar 2015 at 11 PM - Written by Frank Davies

The Pound weakened against the Indian Rupee and declined against the majority of its most traded peers as political concerns over the May 7 general election and the publication of weaker than forecast wage growth data weighed upon sentiment for the UK currency. Data released by the London based Office for National Statistics (ONS) showed...

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Rupee Exchange Rate: GBP/INR at 1-Month Low on Positive Indian Data

12 Mar 2015 at 9 PM - Written by Toni Johnson

The Pound to Rupee exchange rate slipped to a 1-month low as economic data out of the Asian nation came in stronger than expectations. An improvement in sentiment towards riskier assets was also supporting the INR and other emerging market assets. Indian Industrial production was shown to have strengthened by 2.6% in January beating economist...

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Pound to Indian Rupee Exchange Rate Stronger as RBI makes shock rate cut

4 Mar 2015 at 8 PM - Written by Ben Hughes

The Pound advanced against the Indian Rupee after the Indian Central Bank surprised the markets by making another interest rate cut in an attempt to weaken what it deems an overvalued currency. The action also shows that the central bank is supporting the government’s plans to revive economic growth as inflation falls because of weaker oil...

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