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    GBP to INR Forecasts

    Analysis of recent pound to rupee forecasts. We collate forecasts from respected FX analysts together with the latest GBP to INR performance and trends.

     

    What are GBP to INR forecasts?

    GBP experienced a strong start to May, reaching an 11-month high against the USD as it rose from US$1.2315 to US$1.2565 in April. However, with the UK's inflation rate hitting double digits at 10.1% and the Bank of England's upcoming monetary decision, the future direction of the pound remains uncertain. Economists believe that the persistent inflationary pressure in the UK, coupled with a labor shortage and consistent food price increases, could propel the Bank of England to maintain its contractionary monetary policy stance.

    On the other hand, the Indian rupee has been steadily weakening against the US dollar due to concerns about rising energy prices and the potential impact on inflation and interest rate hikes. India's reliance on oil imports and the surprise OPEC+ cut to oil production in April have further contributed to the rupee's depreciation. In the past three months, the GBP to INR exchange rate has been relatively stable, trading within a 6.8% range from 97.04 to 103.6 and currently sitting near 14-day lows at 102.0, just 0.6% above its 3-month average of 101.4. Market view suggests that developments in both currencies, including the Bank of England's monetary decision and INR's response to energy price fluctuations, will play a crucial role in determining the future trajectory of the GBP to INR exchange rate.

    Rate Calculator - Pound Sterling to Indian rupee

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Indian rupee (INR) rates from different sources before making a conversion.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on pound to rupee currency rates and the possible savings of using various providers.

     

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    GBP to INR Market Data

    Pound Sterling (GBP) to Indian rupee (INR) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 GBP =
    101.93We compare provider deals to this wholesale mid-market rate. Read more
    INR
    GBP to INR is at 30-day lows near 101.9, just 0.5% above its 3-month average of 101.4, having traded in a relatively stable 6.8% range from 97.04 to 103.6
    |
    Sell GBP   →   Buy INR
    Track Rate
    30-DAYLOW1d
    1-DAY-1.0%2d
     
    DateGBP/INRChangePeriod
    12 May 2023
    102.43
    0.5% 2 Week
    25 Feb 2023
    99.08
    2.9% 3 Month
    26 May 2022
    97.95
    4.1% 1 Year
    27 May 2018
    90.14
    13.1% 5 Year
    28 May 2013
    84.26
    21% 10 Year
    31 May 2003
    77.16
    32.1% 20 Year
    GBP/INR historic rates & change to 26-May-2023
     

    Will the Pound Sterling rise against the Indian rupee?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add GBP/INR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.

     
     
     

    Related exchange rate forecasts

     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more