The GBP/INR pair rose to 130 for the first time on Monday. We discuss why it has dropped from that level and what it says about the outlook.
GBP/INR may stay supported as UK inflation risks persists and higher oil prices keep pressure on the rupee.
GBP/INR outlook: Rupee weakness from oil shock drives upside, with 124 resistance key for further gains.
GBP/INR year-ahead forecast: Median, range and upside/downside risks based on projections from 20+ investment banks and FX analysts.View forecasts The Pound to Indian Rupee (GBP/INR) exchange rate is seen trading at around 122.6888, 0.5% higher on the Monday open. Latest — Exchange Rates:Pound to INR (GBP/INR): 122.7206.