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Compare INR to GBP foreign transfers

Use our comparison table to find the best exchange rates for British Pound Sterling foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
₹INR
£GBP

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Foreign Transfer Providers
Ratings & Reviews
Receive GBP(£)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedDeal Links
 
Instarem logo
109.68 GBP0.01096800.75%
ICICI Bank International Money Transfers
ICICI Bank logo
105.46 GBP0.010653₹1004.57%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
105.19 GBP0.010626154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank International Money Transfers
Indian Bank logo
104.92 GBP0.010598₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:0
Exchange Rate:0.010968 (0.75% from mid-rate)
GBP amount:109.68 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:0.010653 (3.6% from mid-rate)
GBP amount:105.46 GBP
Total Cost:4.57%
Difference:
4.22 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:0.010388 (6% from mid-rate)
GBP amount:105.19 GBP
Total Cost:4.81%
Difference:
4.49 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:0.010598 (4.1% from mid-rate)
GBP amount:104.92 GBP
Total Cost:5.06%
Difference:
4.76 GBP less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the INR-GBP mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market INR-GBP exchange rate.

Currency news and forecasts for Indian Rupee and British Pound Sterling

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the INR vs GBP, you should pay attention to both Indian Rupee and British Pound Sterling news and forecasts.

Indian Rupee (INR) - Market news and forecasts

In the second week of March, the rupee was little changed on the year (<1 percent difference) against the dollar at rates near ₹70. It was, however, considerably higher than its record low of ₹74.52, achieved in October. The rupee hasn’t done badly in 2019 considering the 23 percent rise in the price of oil (India’s biggest import). Political uncertainty (never good for a currency’s valuation) is likely to emerge as we approach May’s election. A tough battle is expected for current Indian Prime Minister Narendra Modi and his Bharatiya Janata Party. Should the BJP be defeated, “the rupee could potentially spike to 74,” a Radobank economist said. In March, the Economic Times reported the results of a poll of 50 foreign exchange experts, who collectively estimated a year-end USD/INR rate of ₹71.3. This differed from January’s forecast from the Fitch ratings agency, which said it expects ₹75 on the basis of further current account deterioration and tighter financing conditions.

British Pound Sterling (GBP) - Market news and forecasts

Update 14-April: The pound hovered between US$1.30 and US$1.31 (in line with 3-month averages) after the EU granted the UK a Brexit extension until the end of October. No-deal risk is gone for now and anything is possible, including a new British prime minister, a general election and/or second referendum.

Experts at MUFG said in April that sterling would likely trade between US$1.30 and US$1.34 until more clarity emerged.

If an election is called, the pound could depreciate to US$1.24, a UBS analyst said, due to “heightened uncertainty” (the opposition Labour party is consistently ahead in the polls).

Goldman Sachs said in April that sterling was set for a “big finish” (higher) once the gridlock in the UK parliament ends and a deal is agreed and certainty found.

Earlier this year, currency analysts at HSBC estimated that the pound would be valued at levels near US$1.10 in the event of no-deal, near US$1.45 with a deal and at US$1.55 if Brexit is cancelled.