British Pound Sterling to Indian Rupee ( GBP to INR ) Exchange Rate
Today's GBP Price to Indian Rupee is 1 GBP = 119.94 INR
Pound Sterling also known as the pound or sterling is the official currency of multiple countries like the United Kingdom, Guernsey, Jersey, the Isle of Man, South Georgia and the South Sandwich Islands Gibraltar, Tristan da Cunha, and the British Antarctic Territory.
A Pound is subdivided into 100 pence. It is the oldest currency in the world which is still in use.
POUND to INR Currency Exchange Rate in the Last 10 Days
Date | 1 GBP to INR |
16-Sep-25 | ₹119.94 |
15-Sep-25 | ₹119.87 |
14-Sep-25 | ₹119.67 |
13-Sep-25 | ₹119.67 |
12-Sep-25 | ₹119.68 |
11-Sep-25 | ₹119.83 |
10-Sep-25 | ₹119.15 |
9-Sep-25 | ₹119.27 |
8-Sep-25 | ₹119.20 |
7-Sep-25 | ₹118.96 |
POUND to INR
The Pound is the fourth most traded currency in the foreign exchange market. The currency along with the US dollar, the Euro, the Japanese Yen and the Chinese Yuan forms the basket of currencies which calculate the value of IMF special drawing rights.
When it comes to modern currency regarding the Pound Sterling, it started after Bank of England and Bank of Scotland were founded in 1964 and 1965 respectively.
The value of a country's currency is linked with its economic conditions and policies. Various factors come into the equation such as imports and exports, trade deficit, macroeconomic policies etc. when it comes to determining the value of a currency.
What is GBP?
Another name for the British pound sterling is GBP. One of the most important currencies and traders globally is GBP.
The penny sterling, which is one tenth of a pound, is how the pound is broken into smaller units. Many equities are traded in pence rather than pounds, in which case the stock market would use GBX or GBP to denote the difference between pence and pounds.
History Of GBP
The British pound was designated as the official currency of the United Kingdom in 1707, the year that England and Scotland voted to come together and form a single nation. However, it is thought that the British pound was initially created as a unit of currency in 1760.
According to legend, the British pound is the oldest coin that is still accepted as legal cash. The British pound was the official currency of a number of British Empire colonies, including Australia, Canada, and New Zealand in addition to the United Kingdom.
Before printing them in 1855, the Bank of England wrote all of its notes by hand. Many nations started using the price of gold to equate the value of their currencies in the late 19th and early 20th centuries.
Factors that Influence GBP to INR Exchange Rate
Some of the factors that influence the GBP to INR exchange rate are mentioned below:
- Market Sentiment: Market sentiment influences the forex market. Currency movements are anticipated by geopolitical developments, news, and economic data by traders. This will influence the value of the pound.
- Trade Relations: Currency demand is influenced by the trade volumes between the two countries. Therefore, trade relations between India and Britain affect the value of the dollar.
- Political Stability: Investor confidence will be high because of political stability. Therefore, the value of the currency will be affected positively.
- Monetary Policies: Any interest rate changes made by the RBI will impact the value of the dollar.
- Other Factors: Some of the other factors that will affect the value of the dollar are trade balances, inflation rates, and GDP growth.
How to Send Money from India to UK Online?
There are numerous online retailers that offer a platform for converting your money from INR to Sterling Pound and sending it from India to the UK online. These internet services are simple to use and offer a quick fix for sending money to a foreign location. They will, however, charge payment for their services.
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FAQs on British Pound Sterling to Indian Rupee
- Is the GBP to Indian rupee exchange rate static?
No, the GBP to Indian rupee exchange rate is never static as it changes as per demand and supply in global markets.
- From where can I exchange GBP to INR or vice versa?
You can exchange GBP to INR at your bank at airports, or at any online exchange platform.
- Can GBP to INR be exchanged online?
Yes, you can exchange GBP to INR online through regulated and recognized forex platforms.
- In which countries is the GBP the official currency?
The GBP is the official currency in United Kingdom, Guernsey, Jersey, the Isle of Man, and the British Antarctic Territory.
- What factors impact the value of the GBP?
The factors that affect the value of GBP include interest rates, the country’s GDP and political stability, inflation rates, trade balance, market sentiment, central bank policies, and geopolitical landscape.
- Why is GBP weakening?
The GBP has fallen in recent years, notably since Brexit, as a result of rising interest rates and recession.
- Can I convert GBP to INR at the airport?
Converting GBP to INR at the airport is generally not recommended as airport currency exchange services often offer less favourable exchange rates. It is usually recommended to exchange currency rates at a bank, reputable exchange office or any secure online currency exchange platform.
- How can I use an online currency calculator?
You can an online currency calculator by entering both the currencies and the amount you want convert. The calculator automatically populates the conversion rates.
- Can I reload an already used Forex Card for my next trip to London?
Yes, you can reload a forex card before your next trip to London. You can reuse the same card by just adding money to the card. However, it is important to keep track of the card's validity as it expires after five years.
- How do I send money abroad?
You can send money abroad through a bank transfer or any other secure online banking platform.
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