numbers-and-inr-currency-symbol - INR

GBP/INR slightly declined in early trading on Wednesday, but the pound has looked more confident since Monday. Yesterday, the pair hit the highest level in eight months, as the Indian economy continues to struggle.

Currently, one British pound buys 92.167 Indian rupees, down 0.03% as of 6:52 AM UTC.

Both the UK and India are scheduled to release inflation data later today, which might cause more volatility.

Trump Comments Alarm Investors

The rupee has been under increased pressure after US President Donald Trump said he would lift tariffs on Chinese goods if no trade deal is reached.

Speaking at the Economic Club of New York, Trump admitted that a “phase one” trade deal with China might be just around the corner, though his comments reflected the troubles the US administration is facing in reaching consensus with China. The President said:

If we don’t make a deal, we’re going to substantially raise those tariffs. They’re going to be raised very substantially. And that’s going to be true for other countries that mistreat us too.”

Trump added that China was “dying” to reach an agreement with the US, saying that he’d ink it only if it’s good for US companies and employees. Nevertheless, Trump admitted:

“We’re close — a significant phase one deal could happen, could happen soon.”

The US President and his Chinese counterpart Xi Jinping were about to sign “phase one” of the trade deal at a global conference in China. However, the event was canceled due to protests.

Trump wanted to propose a US location, with the state of Iowa being among the first options. However, US locations had been ruled out by China, a person familiar with the matter told Bloomberg. Now the parties are thinking about a new site to ink the deal. Locations in Europe or Asia are under review right now, the source, who asked to be named, told media.

During his speech, the US President repeated his worries on China’s influences over the global economy:

“Nobody’s cheated better than China. The theft of American jobs and American wealth is over,” he said. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.