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Best Exchange Rates

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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
107.79 GBP0.01077900.75%
ICICI Bank International Money Transfers
ICICI Bank logo
103.64 GBP0.010469₹1004.57%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
103.38 GBP0.010442154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank International Money Transfers
Indian Bank logo
103.11 GBP0.010415₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:0
Exchange Rate:0.010779 (0.75% from mid-rate)
GBP amount:107.79 GBP
Total Cost:0.75%
Time:1:03 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
ICICI Bank: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.010469 (3.6% from mid-rate)
GBP amount:103.64 GBP
Total Cost:4.57%
Difference:
£4.15 less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Indian Bank logo ICICI Bank logo

Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:15
Exchange Rate:0.010208 (6% from mid-rate)
GBP amount:103.38 GBP
Total Cost:4.81%
Difference:
£4.41 less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Indian Bank: Foreign Transfer INR→GBP
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.010415 (4.1% from mid-rate)
GBP amount:103.11 GBP
Total Cost:5.06%
Difference:
£4.68 less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

1 INR = 0.010855 GBP

This is the current INR-GBP mid-market exchange rate. 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.

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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

6-January-2019: Like other emerging market currencies, the Indian rupee was under significant pressure in 2018, during which it made an all-time low of ₹74.5 to the dollar and fell to a 4-1/2-year low versus the euro, at ₹86.15.

Following a solid fourth quarter, the rupee had risen by early January 2019 to a 4-month high versus the dollar of ₹69.36 — appreciation worth 7 percent from October’s low — and had recovered similarly versus the euro, to ₹79.29.

Among major problems for the rupee last year was the high price of oil, which raised India’s import bill substantially, but as luck would have it, the oil market experienced a complete reversal in Q4. A $30 per barrel (40 percent) plunge in the oil price was a blessing.

Political uncertainty (never good for a currency’s valuation) is likely to emerge in 2019; expectations are for a tough electoral battle for current Indian prime minister Narendra Modi.

Fitch predicted in January a 2019 year-end exchange rate of ₹75 to the dollar on the basis of further current account deterioration and tighter financing conditions.

British Pound Sterling (GBP) - Market news and forecasts

16-January-19: Given Brexit uncertainties, 2018 wasn’t too bad for the pound. Although it lost 7.5 percent of its value against the dollar last year (it’s down 12 percent on pre-EU referendum levels), it only lost 1.9 percent against the euro and gained nearly 3 percent against the Australian dollar.

The pound was relatively robust throughout early to mid-January despite UK politics being in a state of disarray, and with all Brexit options still on the table.

Against the euro, sterling traded on the day of this report at a 7-week high of €1.13, and against the dollar, it bought $1.288—close to a 9-week high.

Sterling’s 2019 strength (albeit strength from low levels) following the massive parliamentary rejection of Theresa May’s Brexit deal was, analysts said, the result of an expectation among investors for Article 50 extensions, Brexit delays, a second referendum or soft-Brexit outcomes, rather than for “no deal.”

Impact of no-deal: The Bank of England has predicted a shocking 25 percent loss in the pound’s value in the event of a “disorderly” no-deal Brexit, under which there will be serious border delays and a marked loss of confidence in Britain’s financial institutions. In the more likely event of a milder, “disruptive” no-deal Brexit, under which goods face tariffs but flow somewhat easily, sterling still loses 15 percent, the BoE believes.

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