Seeing a break in a downtrend and recent GDP predictions of -7.3% and economic devastation can see the rupee weakening further. A leading banker asked for more printing of money to help the economy. Petrol is already touched 100 rupees in many cities.
Candlestick pattern : Bullish Harami at the previous well-established support region followed by a large candle.
An ascending triangle has been forming in the daily chart of GBPINR. If it breaks out - could possibly reach its previous highs of 104-105 range.
Open chart and switch to Montly Timeframe to see previous highs.
