Best Pound to Rupee Exchange Rates Today (GBP/INR) | finder.com

Best Pound to Rupee Exchange Rates Today (GBP/INR)

If you need to send money from the UK to India, find the best British pound to Indian rupee exchange rate right here.

Today’s mid-market rate

The mid-market pound-to-rupee exchange rate is 1 GBP = 84.2627 INR. (Rate accurate as of February 3, 2017.)

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

Compare International Money Transfers

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour GBP 3.99 92.296 INR 461,113 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 91.833 INR 459,166 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details

Compare up to 4 providers

Back to top

Exchange rate history – British pound to Indian rupee

Forecasting the GBP to INR exchange rate based on historical data

The past can be a good indicator of the future. Depending on sociopolitical atmosphere, interest and inflation rates, foreign trade, public debt, and export to import price ratios all influence exchange rates. Below you can find the average exchange rate for the past ten years.

2016201520142013201220112010200920082007
GBP = INR91.046797.9928100.47991.629584.608474.702970.605775.552079.902982.5005

Data courtesy of X-Rates.


The British pound sterling is the oldest still-circulating currency in the world. It also enjoys the ranking of the fourth most traded currency – the first three spots on the list are taken by the US dollar, the euro and the Japanese yen. India’s rupee, on the other hand, is traded far less frequently on international markets, in large part due to several strict controls imposed on the currency by the country’s central bank, the Reserve Bank of India.

India’s Foreign Exchange Management Act places tight restrictions on outgoing rupee transfers being sent from India, which can provide several challenges for consumers looking to send money overseas from India. Despite this, India’s massive 1.25 billion population combined with Britain’s colonial history in India still makes the pound and rupee a popular currency pair.

During the 60-plus years since India’s independence, the pound-to-rupee exchange rate has fluctuated substantially. However, the pound has consistently been the far stronger performer of the two currencies.

Back to top

Pound historically strong against rupee

India’s connection to the UK remained strong despite having gained independence in 1947. These ties were strong enough that the value of the rupee was pegged to the pound until 1966. Following the 1966 financial crisis and the subsequent devaluation of the rupee it was then pegged to the US dollar for a period, and eventually moved to a free-floating exchange rate arrangement in 1993.

Although the switch to a free-market arrangement prompted the rupee to fall in value against the pound and many other major currencies, this also meant the rupee reached a mark closer to its actual value. After starting out in the mid-40 rupees range in 1993, the pound steadily gained in value against the other currency up towards the beginning of the new millennium, peaking at a value of more than 71 rupees.

The British economy was experiencing a period of solid and steady growth at this time, while India battled financial instability. From 2002 through to 2008, the pound fluctuated in value between roughly 75 and 85 rupees.

Back to top

Rupee steady against a weaker pound

The UK was initially expected to avoid much of the global economic downturn that began in the USA in 2008, but the financial troubles soon spread to Europe and the UK. With the financial industry hit particularly hard the value of the pound dropped quickly against the rupee, falling from an exchange rate of 83.94 on October 17 to 67.56 by January 24, 2009.

Stagnant growth in the UK following the global financial crisis saw it drop down to an exchange rate of 65 rupees in 2010, and it held fairly steady near this mark for roughly a year. However, resurgent growth figures through the second half of 2011 and into 2012 saw the pound begin to rise in value against most major currencies.

At the same time, a quantitative easing program introduced by the US Federal Reserve Board saw investors around the world abandon emerging and risky markets, such as India, for more stable markets such as the US and UK. The value of the pound skyrocketed to more than 100 rupees in August 2013, and it consistently traded from roughly 95 to 105 rupees in the following two years.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

US International Money Transfers Offers

Important Information*
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

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.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Go to site