The Rupee had the dubious ‘dishonour’ of being one of the few currencies to underperform the Pound on Monday, after news of the head of the Indian central bank, Urjit Patel, had resigned midway thr…
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The Rupee underperformed emerging world rivals Wednesday after the Reserve Bank of India hinted that it could take an extended break before raising interest rates again.
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Any recovery in GBP/INR will probably prove to be only temporary before the dominant downtrend resumes.
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GBP/INR has fallen to 89.63, a far cry from its 98.50 October highs (and 2018 highs), and is likely to decline even further in during the days ahead.
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The Rupee will be constrained in its recovery against the Dollar by domestic political uncertainty over coming months, according to some analysts, but others say 2019 could turn out to be a vintage…
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The Indian Rupee bucked the emerging market trend Tuesday by advancing against the G10 basket after a Reserve Bank of India (RBI) meeting came and went without a resignation of Governor Urjit Patel…
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The Pound is likely to suffer further declines against the Indian Rupee short-term but we do note the prospect for a possible rebound on a technical basis.
Read more … →The Rupee weakened against the Dollar in the final session of the week as markets await a crunch Reserve Bank of India (RBI) meeting scheduled for Monday, which will reveal whether Govern…
Read more … →The Rupee is on course for its best one-month performance in over a year this November but it is too early to tell whether the Indian currency really has turned a corner, according to economists at…
Read more … →GBP/INR could be pivoting and turning lower. The monthly chart shows how it formed a bearish 'gravestone doji' candlestick pattern at the October highs.
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