GBP/INR Sees Modest Gain as RBI Reserves Surge

The Pound Sterling to Indian Rupee (GBP/INR) exchange rate is currently trading at ₹128.031, showing a modest gain for the session.

The pair remains above its short-, medium-, and long-term moving averages, indicating bullish momentum on both intraday and daily timeframes.

The Reserve Bank of India has raised $136 billion in capital, increasing foreign exchange reserves and strengthening its currency intervention capacity.

This boost in reserves acts as a solid buffer against external volatility, allowing the RBI to more actively manage sharp currency moves.