Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Other-Markets
Close

News on Currency markets such as Rupee, Call money etc.

 
British Pound eases from seven-week high as IMF cut UK growth estimate to 0.8% for this year
15-Apr-26 12:26Hrs IST

British Pound slipped from seven-week high against the US dollar amid continued economic worries. The energy price shock from the Iran war will hit the UK the hardest of the world's advanced economies, the International Monetary Fund (IMF) has stated in its latest World Economic Outlook. The IMF cut its estimate for UK growth this year to 0.8%, from the 1.3% prediction made in January before hostilities began. The IMF suggested the UK, as a net importer of energy, remained sensitive to rapid rises in energy prices. This pulled down GBP/USD pair from highs around 1.3600 and it quotes at 1.3560 now, down marginally on the day. Pound has seen good gains over last few days but could see some pressure now as the economic growth is seen barely holding up this year. On NSE, GBP/INR futures are quoting at 1.2667, up 0.77% on the day but are off highs around 1.2680 mark.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise