Pound Rupee forecast page 5 - GBP INR

Although the Rupee declined to a two-week low against the US Dollar on Wednesday the Indian asset strengthened against a struggling Pound. The Rupee slipped against its US counterpart as importers snapped up a higher proportion of US Dollars in order to meet month-end shipment costs. The news that India’s central bank had loosened...

The news that the Bharatiya Janata Party dominated in India’s recent election and ousted the corruption-blighted Indian National Congress saw the Rupee achieve an 11 month high against the ‘Greenback’ and multi-month/week highs against several of its other major rivals over the last few days. The Rupee has also been supported by...

Pound Rupee Exchange Rate Outlook Today: At the outset of European trading the Indian Rupee (INR) was enjoying a stronger relationship with peers like the Pound Sterling (GBP) and US Dollar (USD). The Rupee was supported as exit polls indicated that the opposition Bharatiya Janata Party possibly won between 249 and 340 seats at the recent...

In common with the majority of leading Asian currencies, the Indian Rupee trended downwards during last night’s trading session. This weakening off was partly driven by a poor performance in Indian equities markets which saw the benchmark Sensex Index lose over 120 points in the early part of the session. Selling pressure on the Rupee was...