{"id":108911,"date":"2021-03-16T09:00:29","date_gmt":"2021-03-16T09:00:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108911"},"modified":"2021-03-16T22:58:12","modified_gmt":"2021-03-16T22:58:12","slug":"105486-gbp-inr-rupee-trade-deficit-grows","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/","title":{"rendered":"GBP\/INR: Rupee Rises, Trade Deficit Grows"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) declines despite BoE\u2019s Bailey upbeat comments<\/strong><\/li>\n<li><strong>Thursday BoE MPC in focus<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/inr-indian-rupee-live-exchange-rate\/\">Indian Rupee<\/a> (INR) rises even as covid cases grow<\/strong><\/li>\n<li><strong>Trade deficit narrowed to $12 billion<\/strong><\/li>\n<\/ul>\n<p>The Pound Indian Rupee (<a href=\"https:\/\/currencylive.com\/\">GBP\/INR<\/a>) exchange rate is moving lower for a third straight day. The pair settled down +0.47% at 100.79 in the previous session towards the low of the day. At 08:45 UTC, GBP\/INR trades -0.4% at 100.33.<\/p>\n<p>The Indian Rupee managed to advance despite growing concerns over resurgent covid. India experienced its highest number of new daily cases so far this year and parts of the country are going back into lockdown.<\/p>\n<p>Indian\u2019s trade deficit narrowed in February to $12 billion from $14 billion in January. Exports in February declined by 0.67% to $27.93 billion on weaker demand and container shortages. Imports, on the other hand, grew 6.96% to $40.54 billion according to the latest data from the commerce ministry. Whilst oil deficit eased, the deficit of non -oil merchandise widened.<\/p>\n<p>The Pound briefly found some support on Monday from comments made by the Bank of England Governor Andrew Bailey over the state of the British economy.<\/p>\n<p>Speaking to BBC Radio 4 Andrew Bailey confirmed that the impact of covid and the covid lockdown restrictions on the economy had been huge. However, he struck a more upbeat tone saying that this hit to the economy was easing. Andrew Bailey said that he forecasts that the UK economy will return to its pre-pandemic size by the end of 2021. Meanwhile he expects inflation to pick up to 2% over the coming months.<\/p>\n<p>The BoE will have moved almost 180 degrees from almost implementing negative interest rates to considering raising interest rates, all in a short period of time. Thanks to the rapid vaccine rollout, expectations for a strong UK economic recovery have risen.<\/p>\n<p>As from Monday 24 million people in the UK have had their first covid vaccine. However concerns regarding the AstraZenena vaccine are dragging on the Pound.<\/p>\n<p>Today and tomorrow the UK economic calendar is light. Instead, investors will turn towards Thursday\u2019s BoE monetary policy decision.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) declines despite BoE\u2019s Bailey upbeat comments Thursday BoE MPC in focus Indian Rupee (INR) rises even as covid cases grow Trade deficit narrowed to $12 billion The Pound Indian Rupee (GBP\/INR) exchange rate is moving lower for a third straight day. The pair settled down +0.47% at 100.79 in the previous session towards [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82827,"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-108911","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 Rises, Trade Deficit Grows - 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\/105486-gbp-inr-rupee-trade-deficit-grows\/\" \/>\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\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/INR: Rupee Rises, Trade Deficit Grows\",\"datePublished\":\"2021-03-16T09:00:29+00:00\",\"dateModified\":\"2021-03-16T22:58:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/\"},\"wordCount\":346,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.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\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/\",\"name\":\"GBP\\\/INR: Rupee Rises, Trade Deficit Grows - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"datePublished\":\"2021-03-16T09:00:29+00:00\",\"dateModified\":\"2021-03-16T22:58:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/indian-rupee-exchange-rate.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105486-gbp-inr-rupee-trade-deficit-grows\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/INR: Rupee Rises, Trade Deficit Grows\"}]},{\"@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 Rises, Trade Deficit Grows - 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\/105486-gbp-inr-rupee-trade-deficit-grows\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/INR: Rupee Rises, Trade Deficit Grows","datePublished":"2021-03-16T09:00:29+00:00","dateModified":"2021-03-16T22:58:12+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/"},"wordCount":346,"image":{"@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.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\/105486-gbp-inr-rupee-trade-deficit-grows\/","url":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/","name":"GBP\/INR: Rupee Rises, Trade Deficit Grows - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","datePublished":"2021-03-16T09:00:29+00:00","dateModified":"2021-03-16T22:58:12+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/indian-rupee-exchange-rate.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105486-gbp-inr-rupee-trade-deficit-grows\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/INR: Rupee Rises, Trade Deficit Grows"}]},{"@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\/11\/indian-rupee-exchange-rate.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108911","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=108911"}],"version-history":[{"count":4,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108911\/revisions"}],"predecessor-version":[{"id":108920,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108911\/revisions\/108920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82827"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=108911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=108911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=108911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}