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

Best INR > GBP exchange rates as of 21 Oct 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. 21 Oct 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 | Mon, 22 Oct 01:12am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4095 Inverse: 0.7095 1.3110 Inverse: 0.7628 0.869452 Inverse: 1.1502 6.9296 Inverse: 0.1443 0.765986 Inverse: 1.3055 73.839443 Inverse: 0.0135 19.3019 Inverse: 0.0518 53.77 Inverse: 0.0186
1 AUD = 0.7095 Inverse: 1.4095 1.0000 0.9301 Inverse: 1.0751 0.6168 Inverse: 1.6212 4.9163 Inverse: 0.2034 0.5434 Inverse: 1.8401 52.3861 Inverse: 0.0191 13.6939 Inverse: 0.0730 38.1476 Inverse: 0.0262
1 EUR = 1.1502 Inverse: 0.8695 1.6212 Inverse: 0.6168 1.5079 Inverse: 0.6632 1.0000 7.9701 Inverse: 0.1255 0.880999 Inverse: 1.1351 84.926433 Inverse: 0.0118 22.2001 Inverse: 0.0450 61.8436 Inverse: 0.0162
1 GBP = 1.3055 Inverse: 0.7660 1.8401 Inverse: 0.5434 1.7115 Inverse: 0.5843 1.1351 Inverse: 0.8810 9.0466 Inverse: 0.1105 1.0000 96.39792 Inverse: 0.0104 25.1988 Inverse: 0.0397 70.1971 Inverse: 0.0142

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

I want to send

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour GBP 3.99 95.53 INR 477,271 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 20 Same day - - Send your first transfer for free with code NOFEEFINDER Go to site Show details
GBP 5,000 1 - 2 days GBP 0.00 95.434 INR 477,170 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details

Compare up to 4 providers

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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