Latest 10 news items tagged Rupee Exchange Rate from our financial blog...
Pound to Australian Dollar Exchange Rate Nears 2-Month High with 0.7% Surge
Published: 1 Feb at 3 PM 2018
Pound to Australian Dollar Exchange Rate Rallies on Higher Hopes for BoE Policy Tightening
The Pound has been in high demand today, rising sharply against the Australian Dollar as well as the South African Rand and Indian Rupee.
This GBP/AUD advance has been caused by rising optimism that a Bank of England (BoE) interest rate hike could come as early as spring this year.
Such conclusions have been partly triggered by the IHS Markit estimate that inflation could pick up again in the coming months, based on data for manufacturing...
US Dollar to Indian Rupee Exchange Rate Trended Lower on Bullish Risk Appetite
Published: 26 May at 4 PM 2016
With US data proving mixed the US Dollar to Indian Rupee (USD/INR) exchange rate extended its downtrend on Thursday, driven lower by a decline in safe-haven demand.
Diminishing Odds of Fed Rate Hike Weighed on US Dollar
While members of the Federal Open Market Committee (FOMC) have continued to express a hawkish outlook on monetary policy in recent days markets have remained somewhat sceptical of the chances of a June rate hike.
The odds of such a move were dented on Wednesday by weaker-than-expected US Services and Composite...
USD-INR Conversion Rate Makes Positive Progress in spite of Fed Uncertainty and Indian Economic Growth
Published: 12 Oct at 3 PM 2015
Minor Gains recorded in USD-INR Exchange Rate Today as US Results are Thin on the Ground
At a time when the future of the US economy faces increasing uncertainty due to external pressures and the ever-elusive event of a Fed interest rate hike, the US Dollar has managed to achieve a small gain against the Indian Rupee (USD-INR), reaching an exchange rate of 64.8440. This has come despite a number of detrimental factors affecting the ‘Buck’.
One example of such things has been India’s economic publications today; the Indian...
Indian Rupee Holds Fast against Recovering US Dollar amid Asian Market Meltdown Today
Published: 26 Aug at 5 PM 2015
Rising ‘Greenback’ Fails to Dent Rupee’s Stability in INR-USD, RBI’s Rajan Talks Cause and Effect
The Indian Rupee to US Dollar conversion rate has come out surprisingly well from the continuation of ‘Black Monday’ that hit the world’s stock markets for a third day running, although the road to a strong Rupee has seen a massive pothole along the way. The Rupee peaked slightly on Monday morning but soon nosedived from 0.0151 into a trough of 0.0149, the worst performance of the Rupee against the US Dollar since 2013. As...
Pound Sterling to Indian Rupee (GBP/INR) Exchange Rate Forecast to Tick Higher despite Low Crude Prices
Published: 13 Jul at 9 PM 2015
The Pound Sterling to Indian Rupee (GBP/INR) exchange rate edged higher by around 0.31% during Monday’s European session.
The British Pound rallied versus its major peers on Monday after the Bank of England (BoE) Credit Conditions Survey was published.
The survey showed that there was a significant surge in mortgage applications in the second-quarter. In addition, there has been heightened demand for loans for both small and larger businesses. The improved credit conditions are the result of the combination of an ultra-low...
Pound Sterling to Indian Rupee (GBP/INR) Exchange Rate Forecast to Edge Higher on Divergent Services Output
Published: 3 Jul at 11 AM 2015
The Pound Sterling to Indian Rupee (GBP/INR) exchange rate strengthened by around 0.15% on Friday morning.
The British Pound advanced versus many of its currency rivals on Friday in response to better-than-expected services growth. This, coupled with Thursday’s positive construction data, caused the Composite PMI to advance despite a drag from stunted manufacturing growth. The Markit/CIPS UK Services PMI was forecast to increase from 56.5 to 57.5 in June, but the actual results reached 58.5. The Markit/CIPS UK Composite PMI also...
Pound Sterling to Indian Rupee (GBP/INR) Exchange Rate Forecast to Soften on Falling Oil Prices, Higher Foreign Reserves
Published: 19 Jun at 3 PM 2015
The Pound Sterling to Indian Rupee (GBP/INR) exchange rate softened by around -0.31% on Friday afternoon.
After British data produced reasonably positive results on Friday, the Pound strengthened versus many of its peers. A recent spate of better-than-expected ecostats has prompted rate hawks to speculate that the Bank of England (BoE) will increase the benchmark interest rate before the end of 2015. Chris Williamson, chief economist at financial data company Markit, said: ‘Some policymakers will therefore be getting increasingly...
Pound Sterling to Indian Rupee (GBP/INR) Exchange Rate Forecast to Trend within Tight Range on Positive Indian Data
Published: 12 Jun at 4 PM 2015
The Pound strengthened versus many of its rivals despite a slowdown in April’s Construction Output. On the month, Construction Output declined by -0.8%; failing to meet with the median market forecast 0.1% increase. However, on a yearly basis April’s Construction Output bettered the market consensus of a 0.5% increase, with the actual result reaching 1.5%. Furthermore, the previous figure was upwardly revised considerably from 1.6% to 5.0%. This was due to the Office for National Statistics (ONS) introducing a new way to calculate...
Pound Sterling to Indian Rupee (GBP/INR) Exchange Rate Forecast to Dive after BoE Cut Growth Forecast
Published: 13 May at 12 PM 2015
The Pound Sterling to Indian Rupee (GBP/INR) exchange rate softened by around -0.50% on Wednesday morning. Although British labour market data produced a positive set of results on Wednesday, the Pound softened versus many of its most traded currency peers. The declination can be attributed to the Bank of England (BoE) cutting the growth forecast for the year. The Indian Rupee, meanwhile, strengthened versus many of its major peers after the Reserve Bank of India (RBI) limited intervention after the Rupee hit a 20-month low versus the US...
Indian Rupee at 4-Month Low against the US Dollar ? RBI may Encourage the Decline
Published: 27 Apr at 2 PM 2015
On Monday the Indian Rupee brushed a four-month low of 63.77 against the US Dollar despite demand for the North American currency remaining restricted ahead of this week’s Federal Open Market Committee (FOMC) announcement. The US may have published a stream of below-forecast ecostats – upping the odds of the Federal Reserve delaying an interest rate increase and piling pressure on the ‘Greenback’ – but the Rupee has still softened against its US rival.
The main causes of the Rupee’s declination have been domestic monsoon...