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GBP to INR - Rate Guide

British Pound Sterling to Indian Rupee exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

GBP/INR update & alerts

1 GBP = 93.4 INR

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GBP to INR - Trading Range (90 Day)
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GBP/INR at 93.6 is trading 1.2% above the 90-day average 92.52 with a range 89.6 to 94.65. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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GBP/INR Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to INR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/INR Quick Calculator.

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

GBP to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee GBPTotal CostDeal Links
TorFX logo
455,350
Best Overall
91.0702.63%
OFX logo
455,800
₹450 more
91.16£0^2.54%
WorldFirst logo
465,350
₹10,000 more
93.0700.5%
HSBC logo
446,230
₹9,120 less
89.38£7.54.58%
Natwest Bank logo
443,715
₹11,635 less
89.01155.12%
Citibank International Money Transfers
Citibank logo
441,737
₹13,613 less
88.56125.54%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
441,652
₹13,698 less
88.59155.56%
Santander International Money Transfers
Santander logo
439,186
₹16,164 less
88.19206.09%
Lloyds TSB logo
437,393
₹17,957 less
87.83206.47%
 
TorFX logo
TorFX: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:
Exchange Rate:91.07 (2.63% from mid-rate)
To Amount (INR)455,350
Total Cost:2.63%
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:91.16 (2.54% from mid-rate)
To Amount (INR)455,800
Total Cost:2.54%
Difference:
₹450 INR more than using TorFX
Time:
Rate Fetched: Fri Jan 24 2020 05:10:22 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:
Exchange Rate:93.07 (0.5% from mid-rate)
To Amount (INR)465,350
Total Cost:0.5%
Difference:
₹10,000 INR more than using TorFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:89.38 (4.44% from mid-rate)
To Amount (INR)446,230
Total Cost:4.58%
Difference:
₹9,120 INR less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:89.01 (4.84% from mid-rate)
To Amount (INR)443,715
Total Cost:5.12%
Difference:
₹11,635 INR less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:12
Exchange Rate:88.56 (5.32% from mid-rate)
To Amount (INR)441,737
Total Cost:5.54%
Difference:
₹13,613 INR less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:87.92 (6% from mid-rate)
To Amount (INR)441,652
Total Cost:5.56%
Difference:
₹13,698 INR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:88.19 (5.71% from mid-rate)
To Amount (INR)439,186
Total Cost:6.09%
Difference:
₹16,164 INR less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→INR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:87.83 (6.1% from mid-rate)
To Amount (INR)437,393
Total Cost:6.47%
Difference:
₹17,957 INR less than using TorFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/24/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.


GBP and INR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs INR, you should pay attention to the recent market trends for both currencies.

British Pound Sterling (GBP)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

 

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

Why can't I just get the GBP/INR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / INR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates