The Indian Rupee is in a long-term uptrend versus the Pound and this trend appears to be reasserting itself after a brief short-lived recovery for Sterling.
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The Pound to Rupee has now established the glowing embers of a young uptrend after establishing a sequence of higher highs and higher lows following the base at the 79.00 April lows.
Read more … →GBP/INR has been trading higher on reduced political risk in the UK and newfound optimism about Brexit negotiations.
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India’s positive economic outlook will probably support the Indian Rupee (INR) over time, but there is a notable risk of a near-term pullback.
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The Pound to Indian Rupee has been moving sideways since spiking up to a high of 83.340 last Tuesday when Theresa May announced an early June election.
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Financial markets have been sent into a tailspin following the unexpected news that Prime Minister May has called a snap June 8 general election, we look at the impact on GBP/INR
Read more … →The Pound to Indian Rupee pair has fallen from 105.57 in 2015 to today’s 79.45 lows, only 21 months later.
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GBP/INR’s recovery from off the October 2016 lows appeared to establish a significant low, however, it looks as if the rebound has finally run out of steam with the longer-term downtrend taking ove…
Read more … →The Rupee had been on a winning streak as we near the next all-important meeting of the Reserve Bank of India.
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