From the mid-market rate to historical data, here’s how to find the best exchange rate for rupees to pounds.
With close to a million anglo-Indians living in India, there’s plenty of money being transferred from the India to the UK. Whether you have business dealings in Belfast or are sending money to a loved one in London, you’ll want to get the best exchange rate possible.
Today’s mid-market rate
The mid-market Indian rupee–to–British pound exchange rate is 1 INR = .012 GBP. 26 Apr 2019
How does the Indian rupee trade against the British pound historically?
From the Great Recoinage in 1816 until World War I in 1914, the Indian rupee was pegged to the British pound at 4.80 rupees per pound and on par with the US dollar at the time. After WWI, the pound and the rupee both declined against the US dollar due to deficits in trade, capital and budget.
In 1947, India gained its independence from Britain and adopted a fixed-rate currency. The rupee was then valued at 4.79 rupees per pound from 1948 and 1966. Wars in China in 1962 and Pakistan in 1965 led to a significant deficit on India’s budget. This forced the Indian government to devalue the rupee to 3.785 per pound.
Over time the pound has risen against the rupee. By 1996 the rupee was valued as 65 rupees per pound. The rupee fell from 65.17 per pound in May 2010 to more than 100 rupees per pound by 2013. Since 2013, the rupee has stayed within 90 rupees per pound. The UK’s departure from the European Union has had almost no effect on the exchange rate.
INR > GBP exchange rate history
We’ve put together the annual average exchange rate for Indian rupee against the British pound from 2007 to 2016.
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Here’s the monthly average exchange rate for the British pound over the past 12 months.
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Compare today’s rates from providers who can send INR to GBP
What affects INR > GBP exchange rates?
The five main factors influencing the Indian rupee and British pound are monetary policy, price inflation, confidence and sentiment, economic growth using the gross domestic product (GDP) and the balance of payments. These factors can offer a comprehensive view of the direction a currency is going.
These factors were evident in India during the country’s wars with China and Pakistan, which led to a significant fiscal deficit.