The Pound-Rupee exchange rate is in the process of retracing the previous week's 0.8% rebound, and our latest technical studies of the charts suggest the pair is at a crossroads.
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The Indian Rupee was steady against the Pound and Dollar Friday after taking a fifth interest rate cut from the Reserve Bank of India (RBI) in its stride but analysts say there are more cuts on the…
Read more … →The GBP/INR exchange rate is at a technical crossroads, a break higher or lower is required for confirmation of the new trend, the RBI decision on Friday could be key to determining the outlook.
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The Rupee has held firm against the Dollar and Pound this week as the international environment remains supportive of emerging market currencies but some forecasters are tipping the Indian unit for…
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The Pound-to-Rupee exchange rate is trading at around 88.24 at the time of writing after falling 0.63% last week and then a further 0.61% this week.
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The Indian Rupee traded higher against major counterparts on Friday after the Indian government announced a tax cut for businesses, as part of a fiscal stimulus package to spur growth in the flaggi…
Read more … →The Pound-toRupee rate was trading around 89.07 Tuesday after rising almost a full percentage point in the previous week and studies of the charts suggest a bullish bias could continue to take the …
Read more … →The Pound-to-Rupee exchange rate is trading at around 88.55 at the time of writing after rising 0.93% in the previous week and studies of the charts suggest a marginal bullish bias.
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Analysts at MUFG foreacst the Rupee to fall as global slowdown impacts on risk, while the U.S. Dollar is expected to stay strong as major counterparts struggle.
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GBP/INR likely to recover in short-term as the exchange rate's recent downmove appears to be losing vigour.
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