GBP/INR has recovered and remains in an uptrend, however seasonal factors, changing fundamentals and a chart cap of resistance just above limit the profile for gains.
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GBP/INR is little changed after the release of Indian inflation data showed slowdown in price growth in January.
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The Pound-to-Rupee rate is still in an uptrend, and this week sees the potential for much volatility due to both currency's central bank's having their policy meetings.
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The Indian government has released its budget with knock-on effects on the currency.
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A temporary pull-back for GBP/INR could be on the cards, although the longer-term trend remains bullish.
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The Pound is rallying strongly versus the Rupee as we review the pair.
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The whys, wherefores and where to's of the Pound-to-Indian Rupee.
Read more … →The Pound-to-Rupee exchnage rate is rallying higher as it breaks out a bullish chart pattern follwoing the release of news and data which supported Sterling more than the Rupee.
Read more … →The Pound-to-Indian Rupee exchange rate is trading within an ever decreasing range and given it could theoretically breakout in either direction the outlook remains uncertain.
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