Forecasts for INR to GBP
Recent exchange rate forecasts for the Indian Rupee (INR) against the British Pound (GBP) indicate mixed influences that could impact future movements. Analysts highlight that the INR is facing challenges due to a weaker US dollar, driven by heightened growth concerns linked to U.S. trade policies and tariffs. Moreover, rising tensions between India and Pakistan following military strikes have contributed to uncertainty, although the rupee's risks are reported to be "broadly balanced" at its current levels.
On the other side, the GBP is being bolstered by optimism surrounding a potential UK-EU trade deal and positive expectations from the UK's latest GDP figures, which are anticipated to showcase growth. However, the recent imposition of a 10% reciprocal tariff on UK imports by the U.S. serves as an additional challenge, adding pressure to the pound's performance.
The INR to GBP exchange rate has reached 7-day lows near 0.008795, representing a decline of 1.6% from its three-month average of 0.00894. This rate has traded within a relatively stable 5.1% range from 0.008717 to 0.009164 recently. Given these developments, currency experts suggest that the INR could remain under pressure in the face of rising energy prices and fears of inflation impacting India's economy, particularly as it imports a significant amount of oil.
As the market continues to assess the implications of U.S. tariffs and the potential for economic recovery in both the UK and India, volatility in the INR/GBP pair is expected to persist. Investors are advised to keep a close watch on geopolitical developments, economic indicators, and trade negotiations, which will significantly influence both currencies in the near term.
