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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 Coranavirus pandemic.

    Updated: Jan 25, 2022  
     

    1 GBP = 101.01 INR
    Sell GBP  →  Buy INR
    GBP to INR at 100.8 is just above average of its 90-day range 99.27-103.2.
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    1-DAY+0.5%
    14-DAYLOW2d

    GBP/Rupee Outlook

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

    At the end of the January the GBP/INR exchange rate was heading towards the 100 mark down from its highs around 104 in April last year.

    GBP/INR wasChangePeriod
    101.15
    12 Jan 2022
    0.1% 2 Weeks
    103.22
    28 Oct 2021
    2.2% 90 Days
    100.19
    26 Jan 2021
    0.8% 1 Year
    85.46
    27 Jan 2017
    18.2% 5 Years
    77.59
    29 Jan 2012
    30.2% 10 Years
    68.52
    31 Jan 2002
    47.4% 20 Years
    GBP/INR change over periods to 26-Jan-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.

    Most Asian currencies weakened in 2021 (including the rupee) against the 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 pound has been resilient enough to withstand Prime Minister Boris Johnson’s troubles. However, if he implements any new taxes for consumers in a nation that is already in a tough economic situation then it will likely have a significant effect on the currency.

    But despite this, the British pound has had a good start to the year—its best start to a year since 2018.

     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.