Find the best GBP > INR exchange rate on June 2018 | finder.com
Best GBP > INR exchange rates

Best INR > GBP exchange rates as of 22 Jun 2018

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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. 22 Jun 2018

Get the best rate for your INR > GBP exchange

We’ve gathered today’s best rates to inform your foreign exchange decisions when transferring money from the India to UK.

Refreshing in: 60s | Fri, 22 Jun 05:18am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3516 Inverse: 0.7399 1.3295 Inverse: 0.7522 0.860584 Inverse: 1.1620 6.4996 Inverse: 0.1539 0.753456 Inverse: 1.3272 67.845 Inverse: 0.0147 20.2768 Inverse: 0.0493 53.385 Inverse: 0.0187
1 AUD = 0.7399 Inverse: 1.3516 1.0000 0.9837 Inverse: 1.0166 0.6367 Inverse: 1.5705 4.8089 Inverse: 0.2079 0.5575 Inverse: 1.7938 50.1968 Inverse: 0.0199 15.0022 Inverse: 0.0667 39.4982 Inverse: 0.0253
1 EUR = 1.1620 Inverse: 0.8606 1.5705 Inverse: 0.6367 1.5449 Inverse: 0.6473 1.0000 7.5525 Inverse: 0.1324 0.875516 Inverse: 1.1422 78.835981 Inverse: 0.0127 23.5616 Inverse: 0.0424 62.0334 Inverse: 0.0161
1 GBP = 1.3272 Inverse: 0.7535 1.7938 Inverse: 0.5575 1.7645 Inverse: 0.5667 1.1422 Inverse: 0.8755 8.6264 Inverse: 0.1159 1.0000 90.045116 Inverse: 0.0111 26.9117 Inverse: 0.0372 70.8535 Inverse: 0.0141

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.

YearINR = GBP
20160.011024
20150.010213
20140.009955
20130.010985
20120.011835
20110.013445
20100.014184
20090.013244
20080.012430
20070.012068

Here’s the monthly average exchange rate for the British pound over the past 12 months.

MonthINR = GBP
Feb. 20170.011961
Jan. 20170.011899
Dec. 20160.011818
Nov. 20160.011861
Oct. 20160.012116
Sept. 20160.011396
Aug. 20160.011415
July 20160.011331
June 20160.010450
May 20160.010292
April 20160.010523
March 20160.010488

Compare today’s rates from providers who can send INR to GBP

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USD 1 Within an hour GBP 3.99 88.875 INR 444,018 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day GBP 0.00 89.145 INR 445,723 Exclusive exchange rate discounts
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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.

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