The Pound-to-Rupee exchange rate is trading at 88.61 at the time of writing, after declining 0.8% this week so far largely on expectations Narendra Modi would return as prime minister with a health…
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Short-term momentum lies with the Rupee which has the chance to make ground on Sterling over coming hours and perhaps days. The broader picture is however one of a rangebound pair that should keep …
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The technical outlook is neutral in the short-term and bearish in the medium-term, conditional on a break below 88.00.
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With elections in India underway, it is time for investors to take stock of the impact the current government's reforms have had, and importantly what the future for the economy and Rupee holds sho…
Read more … →The Pound and Rupee are trading a sideways pattern but there is the danger the longer-term bearish bias might reassert at some point.
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While rising oil prices plays negative for the Rupee, the bearish decline in GBP/INR all through March tilts the outlook to marginally bearish, given the old adage that ‘the trend is your friend’ -…
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The Pound still appears to be in a short-term downtrend against the Indian Rupee following its decline all through March and given the old adage that ‘the trend is your friend’ we see more downside…
Read more … →GBP/INR now appears to be in a short-term downtrend after declining all through March, and given the old adage that ‘the trend is your friend’ we see more declines on the horizon as probable.
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"The Rupee is looking very twitchy this morning" says one analyst on news the RBI has delivered another interest rate cut which sceptics suggest could have been as much about politics as it is abou…
Read more … →The GBP/INR rate was trading around 91.17 on Monday after rising more than half a percent in the previous week, although the outlook for the pair has turned bearish in recent days after a head…
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