GBP INR

GBP INR Flags
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The GBP/INR currency pair is not a major. The British pound is a major currency. The Indian Rupee, on the other hand, is not.

The GBP

The British Pound is hands-down the oldest currency in the world to see continuous use. It is the official currency of the United Kingdom and its dependencies/overseas territories. As such, the Channel Islands, Gibraltar, the Isle of Man, The Falkland Islands and Tristan da Cunha also use the GBP as their official currency.

As mentioned, the GBP is a major currency. It is the fourth most -traded currency in the Forex markets. Only the USD, the EUR, and the Japanese Yen precede it in this respect. The volume of GBP trading makes up some 13 percent of all foreign exchange volumes.

The full name of the GBP is British Pound Sterling. People sometimes simply call it “sterling” or “quid”.

The origins of the GBP reach back to 760 when it first became money. Its official use only started in 1707, with the unification of England and Scotland.

The GBP flirted with the gold standard several times. Before World War I, the currency used the gold standard. It dropped it when the War began and returned to it in 1925. It then dropped it again when the Great Depression knocked, never to return to it to this day. The GBP became a floating currency in 1971.

The Indian Rupee

Like the GBP, the INR can trace its roots far back in time. The currency has undergone scores of changes and tweaks, however. The last such changes happened in 2019.

The rupee was first used as money in the 6th century BC. India was one of the first countries to issue coins, together with China.

The first rupee coins were silver. The currency stuck to the silver standard. In the 18th century, when the metal depreciated sharply, the rupee dropped with it, against currencies on the gold standard. The country issued the first paper rupees in 1770.

One rupee equals 100 paise. The paise was introduced in 1957. Nowadays, the paise still exists, but the smallest INR denomination is the 1 rupee coin.

One of the reasons why the rupee changed so much over the years was the authorities’ effort to combat counterfeiting. India’s economy is still a cash-based one.

GBP/INR Analysis

The most important factors which impact the value of the INR are oil prices, trade flows, and investment volumes.

The economy backing the GBP is the sixth-largest national economy in the world. One of the most globalized economies, the economy of the UK depends largely on the service sector, financial services, aerospace sector, and pharmaceutical sector.

GBP INR Currency Converter

Other major currency pairs


BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.