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Best INR to GBP exchange rates today
Get the best rate possible on your exchange.
From the mid-market rate to historical data, here’s how to find the best exchange rate for rupees to pounds.
Today’s mid-market rate
Refreshing in: 60s | Thu, Oct 24, 04:20AM GMT
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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.
Once India gained its independence from Britain in 1947, the rupee valued close to 4.79 against the pound until 1966. However, wars in China and Pakistan in the late 1960s caused a deficit in India, forcing the government to devalue the rupee to 3.785 per pound.
By 1996 the rupee was valued as 65 rupees per pound. In 2010 it fell from 65.17 to 100 rupees per pound in 2013. Since then, the rupee has stayed within 90 rupees per pound. The UK’s looming departure from the European Union has had almost no effect on the exchange rate.
INR to GBP exchange rate history
We’ve put together the average exchange rate for Indian rupee against the British pound over the past week.
|Oct 17||Oct 18||Oct 19||Oct 20||Oct 21||Oct 22||Oct 23|
|1 INR =||0.0109 Inverse: 91.5081||0.0108 Inverse: 92.2850||0.0108 Inverse: 92.2850||0.0109 Inverse: 91.6590||0.0109 Inverse: 91.9963||0.0110 Inverse: 91.2742||0.0109 Inverse: 91.3826|
Average exchange rate over the past 6 months.
|May 25||Jun 19||Jul 14||Aug 08||Sep 02||Sep 27|
|1 INR =||0.0113 Inverse: 88.2068||0.0114 Inverse: 88.0902||0.0116 Inverse: 86.1846||0.0117 Inverse: 85.5871||0.0115 Inverse: 86.8357||0.0115 Inverse: 86.8432|
Average exchange rate over the past 10 years.
|1 INR =||0.0134|
What affects INR to 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.
So many factors how much you’ll to trade you INR to GBP. Look for a rate closest to the mid-market rate when comparing a forex trader.
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