Loading...

INR to GBP - Rate Guide

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.

 

INR/GBP update & alerts

1 INR = 0.010712 GBP

Sell INR - Buy GBP  Invert

INR to GBP - Trading Range (90 Day)
no alerts
INR/GBP at 0.010684 is trading 1.2% below the 90-day average 0.01081 with a range 0.010565 to 0.011161. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

More Charts

INR/GBP Exchange Rates and Providers Compared

This guide to the Indian Rupee to British Pound Sterling exchange rate with 90-day chart & alerts, historic rates, forecasts and INR to GBP 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 INR/GBP Quick Calculator.

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
ICICI Bank International Money Transfers
ICICI Bank logo
£102.020.010305₹1004.57%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
£101.760.010279154.81%
Indian Bank International Money Transfers
Indian Bank logo
£101.490.010252₹1005.06%
 
ICICI Bank logo
ICICI Bank: Foreign Transfer INR→GBP
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.010305 (3.6% from mid-rate)
To Amount (GBP) £102.02
Total Cost:4.57%
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
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.010049 (6% from mid-rate)
To Amount (GBP) £101.76
Total Cost:4.81%
Difference:
£0.26 GBP less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Indian Bank logo
Indian Bank: Foreign Transfer INR→GBP
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.010252 (4.1% from mid-rate)
To Amount (GBP) £101.49
Total Cost:5.06%
Difference:
£0.53 GBP less than using ICICI Bank
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/24/2020 - See full table

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)

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.

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