Currency converter gbp to indian rupees

The noise about a correction in the global equity market has become louder post the indication about a move towards policy normalisation by the FOMC in its last monetary policy meeting. It is clearly evident that the inherent nature of the Indian Rupee has been to depreciate against the dollar with intermittent corrections and will continue to be so. The major reason for this is the age-old fact that a high inflation rate will continue to reduce the value of any currency; Indian inflation rates like most emerging market economies have been higher than that of the US.

Since the end of March, the greenback, seen as a safe-haven trade, has retreated steadily with optimism about the recovery. But lately that move down seems to have slowed as traders begin to anticipate higher U. Federal Reserve reacts to signs of increasing inflation.

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