The State Bank of India GBP to INR rate is 108.56. This is -4.5% below the mid-rate. Compare State Bank of India currency conversion rates - Reduce FX costs.
The State Bank of India GBP to INR exchange rate is 108.56. This is -4.5% compared to the latest GBP-INR mid-market rate 113.67.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Indian rupee (INR) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to INR exchange rate is 112.99 from XE, -0.6% from the mid-market rate 113.67. The next best rate is 112.88 from Wise, -0.69% from the mid-rate. Then Currencies Direct with 112.76 is -0.8% from the mid-rate.
The Western Union rate is 111.97 which is -1.5% from the mid-rate.
Among the banks, the Lloyds Bank rate is 105.16 at -7.5%, the Royal Bank of Scotland rate is 105.85 at -6.9%, and the Barclays Bank rate is 109.69 at -3.5% compared to the mid-rate 113.67.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like State Bank of India often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The State Bank of India Sterling to Rupee comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by State Bank of India and other foreign exchange providers against the latest GBP-INR mid-rate (see Market Data below ) and the possible savings of using various providers.
State Bank of India is India’s largest commercial bank and the world’s largest player in the Indian rupee foreign exchange market. This unique position enables State Bank to offer the most competitive quote for Indian Rupees.
So when you remit money to India through State Bank of India, Sydney you can be assured that you have received the most Indian Rupees for your foreign currency. Further, the entire transfer is arranged for a small service fee0, irrespective of the amount to be transferred.
* You must be a customer of State Bank of India to use their exchange currency services.
British pound (GBP) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/INR | Change | Period |
|---|---|---|---|
11 Apr 2025 | 112.61 | 0.5% ▲ | 2 Week |
25 Jan 2025 | 107.60 | 5.2% ▲ | 3 Month |
25 Apr 2024 | 104.17 | 8.7% ▲ | 1 Year |
26 Apr 2020 | 94.34 | 20% ▲ | 5 Year |
28 Apr 2015 | 96.91 | 16.8% ▲ | 10 Year |
30 Apr 2005 | 82.61 | 37.1% ▲ | 20 Year |
Here are some popular conversion amounts for GBP to INR (British pound to Indian rupee)*.
*Converted at the current GBPINR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the GBP to INR exchange rate highlight a complex interplay of factors influencing both currencies. Analysts note that the British pound (GBP) has faced downward pressure following the release of disappointing Purchasing Managers' Index (PMI) data, which indicated a contraction in the UK's service sector. This has fueled concerns regarding the overall health of the UK economy, suggesting that the pound could further weaken, especially if upcoming reports from the Confederation of British Industry reveal additional struggles among UK businesses.
Read our full review of recent GBP to INR forecasts.
There are several ways to save on exchange rates when converting British pound to Indian rupee:
Generally speaking, if you are buying Indian rupee with British pound, then it's better for the GBP/INR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to India — a practical currency and money guide to travel in India plus living and doing business with the Indian rupee.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/INR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | India (INR) |
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Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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