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

Best INR > GBP exchange rates as of 20 Apr 2018

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. 20 Apr 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, 20 Apr 04:04pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3038 Inverse: 0.7670 1.2743 Inverse: 0.7847 0.81421 Inverse: 1.2282 6.2963 Inverse: 0.1588 0.712669 Inverse: 1.4032 66.185 Inverse: 0.0151 18.6152 Inverse: 0.0537 52.168 Inverse: 0.0192
1 AUD = 0.7670 Inverse: 1.3038 1.0000 0.9774 Inverse: 1.0231 0.6245 Inverse: 1.6013 4.8293 Inverse: 0.2071 0.5466 Inverse: 1.8294 50.7637 Inverse: 0.0197 14.2778 Inverse: 0.0700 40.0127 Inverse: 0.0250
1 EUR = 1.2282 Inverse: 0.8142 1.6013 Inverse: 0.6245 1.5651 Inverse: 0.6389 1.0000 7.7330 Inverse: 0.1293 0.87529 Inverse: 1.1425 81.287424 Inverse: 0.0123 22.8630 Inverse: 0.0437 64.0720 Inverse: 0.0156
1 GBP = 1.4032 Inverse: 0.7127 1.8294 Inverse: 0.5466 1.7881 Inverse: 0.5592 1.1425 Inverse: 0.8753 8.8348 Inverse: 0.1132 1.0000 92.869182 Inverse: 0.0108 26.1204 Inverse: 0.0383 73.2009 Inverse: 0.0137

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 1,000 1 day GBP 0.00 92.126 INR 460,631 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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