GBPINR Forecast and Live Chart

The Great British Pound/Indian Rupee pair – also known as GBPINR and GBP/INR – is one of the most popular exotic currency pairs.  In recent years the pound has been gaining strength against the rupee but has fallen back recently. Lets look at how this pair is currently performing.

GBP/INR Key Stats

  • 2021 high: 105.2956
  • 2021 low: 99.1567
  • YTD high: 102.6310
  • YTD low: 94.3037
  • YTD % change: -3.27%

GBPINR Forecast

From 2019 to April 2021, the GBP/INR pair maintained a bullish rally. However, since then, the INR has shown some strength, falling back below the 100.00 level. Despite the recent move lower, we expect the GBP/INR to climb back to around the 100.00 mark in the near term.

Over the long-term, given India’s potential to gain share from China as a significant manufacturing hub (Apple is reportedly moving production facilities away from China and into India), we see the Indian rupee gaining strength against the pound, with the pair falling towards the 90.00 level. 

  FXTM mobile banner  

gbp inr chart

GBPINR Fundamental Analysis

Analyzing a currency pair means first understanding the individual factors that impact each currency. While every currency will be affected by general economic factors such as inflation, monetary policy, GDP, retail sales, employment, trade balance, and more, individual characteristics will also play a part.

For example, the GBP has had to contend with several Brexit-related impacts over the past few years, most notably, its future trade agreement with the European Union. While the two parties came to a deal, further issues down the road have worried GBP investors.

For the INR, the Reserve Bank of India intervenes in the foreign exchange markets in an attempt to maintain stability in the rupee and protect importers and exporters from potential shocks. In addition, during times of economic instability, investors will generally exit positions in what they perceive as riskier currencies such as the rupee and invest in so-called safe-haven currencies such as the Japanese yen and US dollar. For example, the recent market downturn and economic worries have seen the USDINR climb to all-time highs.

GBPINR Technical Analysis

Key Support Levels:

  • 96.95
  • 96.01
  • 94.50

Key Resistance Levels:

  • 98.94
  • 99.29
  • 100.00
  • 101.00

The Great British Pound/Indian Rupee pair rose significantly throughout 2020 and the first half of 2021. However, this year has been a different story. In April, the pair broke below the key 99.29 level. After a couple of attempts to break back above (with a few touches at 101.00) price fell and is now in a downtrend. Just below 101.00, there is another significant level, psychologically and technically, at 100.00, while 98.94 is a level to watch out for.

Looking at near-term support levels, 96.95 is one to keep an eye on, already showing itself to be a key support level with price moving to that area at the start of June. Below that, keep an eye on 96.01 and a longer-term target at 94.50.

Trade GBPINR with our top brokers

Broker Features Regulator Platforms Next Step
Number One Broker BlackBull Markets LogoYour capital is at risk Founded: 2014
  • Leverage Up To 500:1
  • $200 Min Deposit
  • 60+ Tradeable Instruments
FSPR MT4
tickmill_logo-175 % of retail CFD accounts lose money Founded: 2014
75 % of retail ...
  • Ultra-fast execution from 0.1s
  • Low spreads from 0.0 pips
  • All trading strategies allowed
FSA SC MetaTrader 4, Web Trader
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • 40% New Member Bonus
  • Regulatory licenses across 5 continents
  • 24/7 trading
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
72 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008
72 % of retail ...
  • Multi Asset Trading Platform
  • Zero Commissions
  • Amazing Trading Apps
ASIC, CySEC, FCA Plus500
Your capital is at risk Founded: 2020
  • Impressive range of trading platforms
  • Tight spreads and low commissions
  • Excellent customer services
  • STP and ECN trade execution
- Pro Trader, MT4, MT5
vantage logoYour capital is at risk Founded: 2009
  • Leverage up to 500:1
  • $200 Min Deposit
  • Spreads from 0.0
CIMA MetaTrader 4, MetaTrader 5, WebTrader
LegacyFX LogoYour capital is at risk Founded: 2012
  • Meta Trader 5 Trading platform
  • Exclusive professional trading tools
  • Dedicated support staff during all trading hours
BaFin, CySEC, FCA, NBRB, VFSC MetaTrader 5
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Four user-friendly trading platforms
  • Consistently rater No1 for Trader Support
  • Set up by traders, for traders
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
AdroFX LogoYour capital is at risk Founded:
  • Crypto deposits possible
  • Bonus offers
  • Leverage up to 1:500
  • MT4 and Allpips platforms
FSA, VFSC MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips
Your capital is at risk Founded: 2000
  • Good range of assets, such as CFDs
  • Fully regulated brokerage
  • Multi-lingual reporting
DFSA, FCA, FINMA, MFSA, only EU traders), SFC FCA (Swissquote LTD MT4, MT5, AdvancedTrader
Trade360 LogoYour capital is at risk Founded: 2013
  • Over 200 Tradeable Accounts
  • $50 no deposit bonus
  • Trading Central Insight Portal
CySEC CrowdTrading
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
  • No Minimum Deposit
  • Over 100 instruments
  • Web, desktop, mobile platform and MT4

ASIC, FCA, IIROC, MAS fxTrade, MT4
vt markets logoYour capital is at risk Founded: 2016
ASIC, CIMA MT4
Your capital is at risk Founded: 2015
  • $50 Min Deposit
  • Flexible Leverage
  • Low Min Order Values
FCA, SCB MT4
Your capital is at risk Founded: 1991
73.05% of investors lose money when trading CFDs with FXCM
  • Enhanced Execution and pricing.
  • Award-winning trading platform
  • Free Access to Exclusive Trading Tools
- FXCM Trading Station (Web, Desktop, Mobile), FXCM MetaTrader 4, NinjaTrader
city index new75% of clients lose money. Capital at risk. Founded: 1983
  • Exceptional customer service
  • Beginner-friendly
  • Free Webinars
ASIC, FCA, MAS Advantage Web, AT Pro, MT4, WebTrader
Exness LogoYour capital is at risk Founded: 2008
  • Instant automated withdrawals 24/7
  • Commission-free Standard accounts
  • Some of the lowest spreads on the markets and stable execution
  • Unlimited leverage
  • Free VPS Hosting
CySEC, FCA, FSA, FSCA MT4, MT5, WebTerminal
Your capital is at risk Founded: 2017
FSC XOH, MT5,
SquaredFinance LogoYour capital is at risk Founded: 2016
CySEC
fusion markets logoYour capital is at risk Founded: 2017

Lowest Commissions in Australia

$4.50 per lot RT

ASIC, VFSC MT4
      FXTM desktop banner