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    GBP to INR Forecasts

    GBP/INR forecasts change all the time, affected by news events and relative sentiment towards the UK and Indian economies and this exchange rate is even more volatile than usual because of the uncertainties around the Ukraine crisis.

    Updated: Jun 21, 2022  
     

    1 GBP = 95.54 INR
    Sell GBP  →  Buy INR
    GBP to INR at 95.85 is 1.0% below its 90-day average 96.82 with range 93.53-99.84.
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    GBP/Rupee Outlook

    The Ukrainian crisis and its risks for European energy supplies have pushed the Pound down against the Rupee.

    GBP/INR started dropping in February and by mid-year the pound to rupee exchange rate has settled around the 95 mark, well down from its highs around 104 in April last year.

    DateGBP/INRChangePeriod
    20 Jun 2022
    95.46
    0.1% 2 Week
    05 Apr 2022
    98.67
    3.2% 3 Month
    04 Jul 2021
    103.02
    7.2% 1 Year
    05 Jul 2017
    83.79
    14% 5 Year
    06 Jul 2012
    86.04
    11.1% 10 Year
    09 Jul 2002
    75.46
    26.6% 20 Year
    GBP/INR change over periods to 04-Jul-2022

     

    Unlike Latin American countries, which continue to benefit from a U.S. recovery, Asian countries are vulnerable to economic austerity in Saudi Arabia and elsewhere in the Middle East due to the drop in demand for Oil during the Covid pandemic. More than 60% of remittances to India, Bangladesh and Pakistan come from Gulf countries.

    The foreign exchange market convention for GBP/INR is to quote Indian Rupee as Rupee per US dollar. Thus a higher GBP/INR rate actually means one rupee is worth less, that is you can buy more rupee for 1 GBP.

    The Indian rupee has weakened (like most Asian currencies) against the US dollar on fears that surging energy prices could spur inflation and interest rate hikes.

    India imports most of its oil requirements and higher crude prices tend to push up domestic inflation.

     INR Outlook

    The outlook for sterling looks challenging in its precarious economic environment. In June, OFX say the pound could trade against the euro between 1.19-1.16 EUR and against the USD between 1.21-1.27 USD.

    The pound hit a 3-Year LOW in mid May near 1.22 against the greenback (1 USD = 0.81 GBP) — on the bleak outlook for the UK economy and after the Federal Reserve started its long anticipated increase of interest rates.

     GBP Outlook

     

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    Posted under: #Forecasts #GBP #INR
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.