{"id":109387,"date":"2021-04-02T08:03:08","date_gmt":"2021-04-02T07:03:08","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=109387"},"modified":"2021-04-02T12:34:38","modified_gmt":"2021-04-02T11:34:38","slug":"105549-gbp-inr-set-for-the-best-week-since-mid-december","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105549-gbp-inr-set-for-the-best-week-since-mid-december\/","title":{"rendered":"GBP\/INR: Set for the Best Week since Mid-December"},"content":{"rendered":"<ul>\n<li>The GBP\/INR pair is on track for its biggest weekly gain since mid-December<\/li>\n<li>Indian rupee facing pressure as sentiment shifts<\/li>\n<li>India third phase of COVID vaccination launched yesterday<\/li>\n<li>NFP expected to rise to 647k<\/li>\n<\/ul>\n<p>The Pound Indian Rupee (GBP\/INR) exchange rate is extending its gains to post its largest weekly rise since mid-December. The GBP to INR pair was seen trading on Thursday within a trading range of 100.77 and 101.38. At 08:00 UTC, GBP\/INR trades up +0.08% at 101.41.<\/p>\n<p>Indian Rupee has lost its 2021 gains against the British Pound and year-to-date it\u2019s down 1.3%. The Indian Rupee has come under renewed selling pressure across the board following the biggest spike in new COVID-19 cases since October 2020. New COVID-19 cases were soaring in India, which launched the third phase of its vaccination program to people older than 45.<\/p>\n<p>In terms of risk events, investors are eyeing the Non-Farm Payroll numbers. According to the U.S. Bureau of Labor Statistics (BLS), the unemployment rate stands at 6.2% and is expected to inch lower to 6.0%. At the same time, the total nonfarm payroll employment is expected to rise by 647k versus 379k previous reading.<\/p>\n<p>Meanwhile, in the UK the lockdown restriction is gradually eased as new COVID cases have fallen dramatically. The GBP was supported on news that the UK economy is expanding at a faster pace than expected. This along with the renewed selling pressure in the Indian Rupee might continue to support the GBP\/INR ahead of the NFP release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/INR pair is on track for its biggest weekly gain since mid-December Indian rupee facing pressure as sentiment shifts India third phase of COVID vaccination launched yesterday NFP expected to rise to 647k The Pound Indian Rupee (GBP\/INR) exchange rate is extending its gains to post its largest weekly rise since mid-December. The GBP [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":80615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[2335,1861,1655,1493],"class_list":{"0":"post-109387","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-covid-19","10":"tag-gbp-inr","11":"tag-indian-rupee","12":"tag-nfp"},"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: Set for the Best Week since Mid-December - 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\/105549-gbp-inr-set-for-the-best-week-since-mid-december\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\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\\\/105549-gbp-inr-set-for-the-best-week-since-mid-december\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105549-gbp-inr-set-for-the-best-week-since-mid-december\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/INR: Set for the Best Week since Mid-December\",\"datePublished\":\"2021-04-02T07:03:08+00:00\",\"dateModified\":\"2021-04-02T11:34:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105549-gbp-inr-set-for-the-best-week-since-mid-december\\\/\"},\"wordCount\":255,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105549-gbp-inr-set-for-the-best-week-since-mid-december\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/GBP-INR-Awaiting-Inflation-Data-from-UK-India.jpg\",\"keywords\":[\"covid-19\",\"gbp\\\/inr\",\"indian rupee\",\"nfp\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105549-gbp-inr-set-for-the-best-week-since-mid-december\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105549-gbp-inr-set-for-the-best-week-since-mid-december\\\/\",\"name\":\"GBP\\\/INR: Set for the Best Week since Mid-December - 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