FTSE 100

GBPINR Under Pressure After RBI Kept Rates Unchanged

GBPINR is under pressure today after the Reserve Bank of India (RBI), kept the benchmark interest rate, at 5.15%, meeting analysts’ expectations. RBI hold rates for the second consecutive time after it reduced interest rates by 135 basis points in five consecutive meetings in 2019. The pair is 0.36% lower [...]

GBP to INR Rebound From January Lows Capped At 92.9295

GBP to INR rebounds today with gains 0.45% at 92.6007 as the pair rebounds from almost two-month lows as the British pound is under pressure. Investors increase bets that the Bank of England will proceed with a rate cut even in the January   policy meeting. Several MPC members made dovish [...]
FTSE 100

GBP to INR Tests the 50-Day Moving Average

GBP to INR is under selling pressure for the fourth consecutive day as the comments of the Bank of England Governor Carney yesterday weigh on the British pound. Carney said that BoE could act immediately with 250 bps rate cuts if needed through traditional interest rates cuts as well as [...]