The Indian Rupee has bottomed out at historic lows and is on course to stage a modest recovery from hereon, according to analysts at Skandinaviska Enskilda Banken (SEB).
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The Pound-to-Rupee rate has fallen from its April highs and recently found support at a major trendline, although this now looks vulnerable to failure.
Read more … →The Rupee may have been one of the worst hit emerging market currencies during the Turkish Lira crisis but when stood next to the Pound, there are mixed signals on the charts, making directional ca…
Read more … →Technical studies show the GBP/INR exchange rate is relying on a key level of support to prevent further downside over coming days.
Read more … →The USD/INR pair is taking another run at its 69 Rupee all-time highs as headwinds face the Rupee from rising oil prices, whilst the US Dollar may be hit by fresh concerns about longer-term growth.…
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GBP/INR is selling off but it is now quite close to support in the form of the 50-week MA.
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The Rupee was volatile during morning trading Wednesday after the Reserve Bank of India raised its interet rate but hinted to markets that further tightening of monetary policy is far from guarante…
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The longer-term trend is down after the pair pivoted on the monthly chart after intersecting with the 50-month MA (circled), in April, and this suggests more downside for the pair on the horizon.
Read more … →The Indian Rupee will be begin its recovery against the US Dollar and Pound next week, according to multiple analysts and economists, after the Reserve Bank of India (RBI) raises its inte…
Read more … →The Rupee is set to notch up fresh record lows later this year, according to forecasts from multiple analysts, and interest rate rises from the Reserve Bank of India will merely serve to …
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