{"id":108795,"date":"2021-03-08T09:00:30","date_gmt":"2021-03-08T09:00:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108795"},"modified":"2021-03-08T21:58:40","modified_gmt":"2021-03-08T21:58:40","slug":"105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/","title":{"rendered":"GBP\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) underpinned by economic reopening<\/strong><\/li>\n<li><strong>BoE Andrew Bailey due to speak later<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) traces domestic equities higher<\/strong><\/li>\n<li><strong>Oil prices surge, could limit gains in Rupee<\/strong><\/li>\n<\/ul>\n<p>The Pound Indian Rupee (<a href=\"https:\/\/currencylive.com\/\">GBP\/INR<\/a>) exchange rate is falling at the start of the week. The pair fell sharply across the previous week shedding -1.6% and settled at 101.28. At 06:45 UTC, GBP\/INR trades -0.3% at 100.92.<\/p>\n<p>The Indian Rupee is advancing in early trade, tracing domestic equities higher. The Sensex trades +0.3% whilst the Nifty 50 is up over 0.6%.<\/p>\n<p>The mood in the market is mixed. On the one hand exceptionally strong Chinese trade data is offering support. Chinese exports rose 60.6% year on year in February, well above the 38.9% expected and the 18.1% growth achieved in January thanks to surging demand.<\/p>\n<p>Adding to the positives, the US senate approved the Biden administration\u2019s huge $1.9 trillion fiscal stimulus bill. The bill, which comes as the vaccine programme ramps up as the economy reopens is expected to spur significant growth. For now, the optimism is supporting Indian Rupee. However, should concerns over rising inflation expectations return the Rupee could come under pressure.<\/p>\n<p>Surging oil prices have so far not hindered the Rupee. However, with oil trading at a fresh 14 month high the Rupee could see gains limited.<\/p>\n<p>The Pound is under pinned by declining new daily covid cases, rising vaccination numbers and the reopening of the UK economy. On Sunday, the UK reported 5,177 new covid infections, whilst the death toll increased by 82.<\/p>\n<p>The number first dose covid jabs administered rose to 22.2 million on Sunday. Whilst today marks the first step in the UK economy reopening with schools reopening. A British health official said over the weekend that the reopening plans shouldn\u2019t be derailed by the emergence of new variants of the coronavirus.<\/p>\n<p>Today also sees Bank of England Governor Andrew Bailey give a speech, his last speech prior to the BoE monetary policy announcement. Investors will be listening carefully for any clues on the central banks\u2019 stance towards bond yields, particularly in light of Fed Powell showing little or no concerns of surging yields.<\/p>\n<p>Later in the week the monthly GDP figure for the lockdown month of January will be in focus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) underpinned by economic reopening BoE Andrew Bailey due to speak later Indian Rupee (INR) traces domestic equities higher Oil prices surge, could limit gains in Rupee The Pound Indian Rupee (GBP\/INR) exchange rate is falling at the start of the week. The pair fell sharply across the previous week shedding -1.6% and settled [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":3629,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1394,1861,1666],"class_list":{"0":"post-108795","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-gbp","10":"tag-gbp-inr","11":"tag-inr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices\",\"datePublished\":\"2021-03-08T09:00:30+00:00\",\"dateModified\":\"2021-03-08T21:58:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/\"},\"wordCount\":378,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/inr\",\"inr\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/\",\"name\":\"GBP\\\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"datePublished\":\"2021-03-08T09:00:30+00:00\",\"dateModified\":\"2021-03-08T21:58:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"width\":800,\"height\":405,\"caption\":\"USD\\\/GBP Dollar Gains Strength Over GBP With Falling Price of Oil and Stalling UK Economy\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices","datePublished":"2021-03-08T09:00:30+00:00","dateModified":"2021-03-08T21:58:40+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/"},"wordCount":378,"image":{"@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","keywords":["gbp","gbp\/inr","inr"],"articleSection":["GBP","INR"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/","url":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/","name":"GBP\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","datePublished":"2021-03-08T09:00:30+00:00","dateModified":"2021-03-08T21:58:40+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","width":800,"height":405,"caption":"USD\/GBP Dollar Gains Strength Over GBP With Falling Price of Oil and Stalling UK Economy"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105458-gbp-inr-rupee-extends-gains-from-last-week-despite-surging-oil-prices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/INR: Rupee Extends Gains From Last Week Despite Surging Oil Prices"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=108795"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108795\/revisions"}],"predecessor-version":[{"id":108796,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108795\/revisions\/108796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3629"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=108795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=108795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=108795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}