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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 Rises as UK Services Sector Posts Unexpected Growth

3 Nov 2017 at 11 AM - Written by Ben Hughes

Today’s GBP/INR movement is largely a recovery effort for the Pound, given how far it fell on Thursday. When the news came that the Bank of England (BoE) might not be considering more near-term interest rate hikes, the Pound fell sharply against the Indian Rupee. The pairing opened trading on Thursday in the region of 85.6284, later...

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GBP to INR Exchange Rate Fails to Sustain Gains as BoE’s Broadbent Disappoints

11 Jul 2017 at 4 PM - Written by Ben Hughes

A lack of appeal in emerging market currencies like the Indian Rupee has not helped the British Pound to Rupee exchange rate’s recovery this week. Sterling traders are hesitant to buy the Pound amid rising economic uncertainties. After last week’s big drop, GBP/INR began this week trading at the level of 83.25. The pair has since...

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GBP to INR Exchange Rate Tumbles on UK Growth Concerns

4 Jul 2017 at 3 PM - Written by Ben Hughes

This week has seen India roll out its new Goods and Services Tax (GST), which has led to cautious but optimistic Indian Rupee trade. The Pound to Indian Rupee exchange rate has slipped as this week’s UK PMIs have so far disappointed. After making big gains last week on surprising Bank of England (BoE) news, GBP/INR ended the week trading...

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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....

CATEGORIES: Currency Predictions Pound Rupee Forecasts

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...

CATEGORIES: Pound Rupee Forecasts