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    GBP to INR 2024 Forecasts

    Analysis of recent Sterling → Rupee forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Pound Sterling to Indian rupee performance and trends.

     

    Forecasts for GBP to INR

     

    The GBP to INR exchange rate has seen stability near 60-day highs around 105.9, slightly above its 3-month average of 105. Analysts attribute this to the cooling inflationary pressures in the UK, indicating a potential slump in the pound in anticipation of a June rate cut by the Bank of England (BoE). The ongoing uncertainty surrounding post-Brexit negotiations and the potential economic impact of the UK's departure from the EU are also factors influencing the pound's performance against the rupee.

    Economists expect the Reserve Bank of India (RBI) to maintain a neutral stance on interest rates until 2024, leading to forecasts of the USD to INR exchange rate fluctuating within the 82-84 range. The rupee faces pressure from elevated US Treasury yields, a weak yuan, and rising crude oil prices. However, a possible moderation in these factors could provide some support to the Indian currency in the future. The combination of these global economic conditions and domestic monetary policies is likely to shape the trajectory of the GBP to INR exchange rate in the coming months.

     
    @bestfxrates : GBP to INR hits 60-day peak at 105.9, hovering just slightly above its 3-mo avg. RBI's steady policy contrasts with BoE rate cut prospects. While the rupee faces headwinds from global factors, the UK's political scene & potential stagflation may pivot the GBP/INR trend. #ForexUpdate #GBPINR

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    GBP to INR Market Data

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

     
    1 GBP =
    105.85We compare provider deals to this wholesale mid-market rate. Read more
    INR
    +0.1%
    2M
    GBP to INR is at 60-day highs near 105.9, just 0.9% above its 3-month average of 105, having traded in a very stable 3.3% range from 103.0 to 106.4
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    Compare & Save - 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.

    Use our GBP to INR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Rupee currency rates and the possible savings of using various providers.

     
    DateGBP/INRChangePeriod
    07 May 2024
    104.34
    1.5% 2 Week
    21 Feb 2024
    104.82
    1% 3 Month
    22 May 2023
    102.98
    2.9% 1 Year
    23 May 2019
    88.20
    20.1% 5 Year
    24 May 2014
    98.33
    7.7% 10 Year
    26 May 2004
    81.86
    29.4% 20 Year
    GBP/INR historic rates & change to 21-May-2024
     

    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.

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

     
     

    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