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INR/GBP - Convert Compare Save

Indian Rupee to British Pound Sterling 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.

 

This resource page for the Indian Rupee to British Pound Sterling exchange rate, has news, forecasts and INR to GBP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

INR/GBP Exchange Rates - How to Compare & Save

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 INR/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee INRTotal CostDeal Links
Instarem logo
114.91 GBP0.01149100.75%
ICICI Bank International Money Transfers
ICICI Bank logo
110.49 GBP0.011161₹1004.57%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
110.21 GBP0.011132154.82%
Indian Bank International Money Transfers
Indian Bank logo
109.92 GBP0.011103₹1005.06%
Instarem: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:0
Exchange Rate:0.011491 (0.75% from mid-rate)
GBP amount:114.91 GBP
Total Cost:0.75%
Time:1:04 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 

ICICI Bank logoICICI Bank

ICICI Bank: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.011161 (3.6% from mid-rate)
GBP amount:110.49 GBP
Total Cost:4.57%
Difference:
4.42 GBP less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:15
Exchange Rate:0.010883 (6% from mid-rate)
GBP amount:110.21 GBP
Total Cost:4.82%
Difference:
4.7 GBP less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Indian Bank logoIndian Bank

Indian Bank: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.011103 (4.1% from mid-rate)
GBP amount:109.92 GBP
Total Cost:5.06%
Difference:
4.99 GBP less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

INR to GBP interbank exchange rate = 0.011504

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on INR/GBP exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

INR and GBP in the Markets

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

 

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.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

Why can't I just get the INR/GBP 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 INR / GBP 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 INR Exchange Rates