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Pound Rupee forecast - GBP INR

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

GBP INR Exchange Rate Tumbles on Dimming Hopes of UK Interest Rate Hike

20 Jun 2017 at 4 PM - Written by Toni Johnson

Sterling’s recent decline against the Rupee is mainly due to reduced expectations of a UK interest rate hike. BoE Governor Carney Damages GBP with Rate Hike Caution The Pound has slumped by -0.6% against the Rupee today, following a dovish statement from Bank of England (BoE) Governor Mark Carney. Speaking at Mansion House, Carney...

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GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints

14 Jun 2017 at 11 AM - Written by David Woodsmith

This week, concerning UK economic data has prevented the British Pound to Indian Rupee exchange rate from recovering much from its worst levels in over a month. After shedding a rupee last week, GBP/INR trended near a low of 81.47 on Tuesday. The pair has since recovered from this low but remains near the week’s opening levels of...

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Strong Construction PMI Not Enough to Boost GBP/INR

2 Jun 2017 at 2 PM - Written by Toni Johnson

A strong UK construction PMI has been unable to support the Pound Sterling to Indian Rupee exchange rate today. GBP/INR has declined -0.3% to 82.7830, even though the Markit UK construction PMI for May surprised by leaping to a 17-month high of 56 instead of weakening from 53.1 to 52.7 as expected. IHS Markit Senior Economist Tim Moore...

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GBP INR Exchange Rate Trends Narrowly Despite Weaker Indian Manufacturing PMI

1 Jun 2017 at 4 PM - Written by John Cameron

Speculation over the likely outcome of next week’s general election continued to provoke volatility for the Pound Indian Rupee exchange rate, with markets sensitive to the latest opinion polls. While YouGov estimated that the Conservative lead had narrowed to just three points, though, other polling companies are still pointing towards...

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GBP INR Exchange Rate Slides as Fund Manager Bets against the Pound

24 May 2017 at 3 PM - Written by Tim Boyer

The Pound Indian Rupee (GBP INR) exchange rate slid on Wednesday afternoon as BlueBay Asset Management warned that Sterling is likely to tumble whatever the outcome of the UK’s elections. Analysts as the firm suggests that the Pound is likely to drop below $1.20 by the end of the year and that a hard Brexit between the UK and Europe is...

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GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

16 May 2017 at 2 PM - Written by Minesh Chaudhari

UK data has devalued the Pound today, causing a tight trending in the GBP INR exchange rate. UK inflation rate figures have caused this downtrend, despite rising above forecasts from 2.3% to 2.7%. The rise in inflation comes at a time of glacial wage growth, which has raised fresh fears of a wage squeeze damaging UK economic growth....

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Indian Finance Minister’s Confidence in Economy Undermines GBP/INR

12 May 2017 at 4 PM - Written by Ben Hughes

A lack of UK data, coupled with a positive outlook for the Indian economy and monetary policy, has pushed the Pound Sterling to Indian Rupee exchange rate down -0.2% to 82.7830. The UK data docket has been entirely empty today, giving markets nothing to distract them from yesterday’s poor data and disappointing developments from the Bank...

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GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

27 Apr 2017 at 11 AM - Written by James Fuller

The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the...

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GBP to INR Exchange Rate Drops on Defiantly Strong Rupee

25 Apr 2017 at 11 AM - Written by Frank Davies

Despite market optimism towards the upcoming UK election, the British Pound has been unable to hold its ground against the Indian Rupee this week. Demand for the Rupee jumped on Monday in an emerging market rally and has remained strong. GBP/INR opened the week at the level of 82.83. After briefly striking 83.16, its best level since...

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GBP INR Exchange Rate Volatility Forecast on UK Retail Sales Data

20 Apr 2017 at 5 PM - Written by Ben Hughes

Markets have continued to bet on the prospect of the Conservatives returning to power with a larger majority in the June general election, keeping the Pound Indian Rupee (GBP INR) exchange rate on a stronger footing. There are hopes that Theresa May would have the freedom to push for a softer Brexit if the influence of Eurosceptic...

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