This page covers the pound against the rupee. For the dollar side, see our USD to INR forecast, and for the euro, our EUR to INR forecast. All three use consistent ranges.
What is the GBP to INR rate today?
On ECB reference rates, one pound bought ₹127.16 on 5 November 2026, up 4.9% this year but 0.6% below the ₹127.89 fixing of 9 October. The 2026 high was ₹130.69 on 21 August. Check the live GBP to INR rate at any time.
| Right now (5 November 2026) | Level |
|---|---|
| GBP/INR (ECB, derived) | 127.1564 |
| USD/INR (ECB, derived) | 94.4757 |
| GBP/USD (ECB, derived) | 1.3459 |
| RBI repo rate | 5.50% (raised 25bp on 7 October 2026) |
| Bank of England Bank Rate | 4.00% (raised from 3.75% on 5 November 2026) |
| Next RBI decision | MPC meeting 2–4 December 2026 |
| Next Bank of England decision | 17 December 2026 |
GBP to INR exchange rate in 2026: month by month
| Date (ECB fixing) | GBP/INR (₹ per £1) |
|---|---|
| 2 January 2026 | 121.2500 |
| 8 January 2026 | 120.8600 |
| 30 January 2026 | 126.5100 |
| 27 February 2026 | 122.7000 |
| 31 March 2026 | 124.2400 |
| 30 April 2026 | 128.2200 |
| 29 May 2026 | 127.5600 |
| 30 June 2026 | 125.1600 |
| 31 July 2026 | 128.0200 |
| 21 August 2026 (year high) | 130.6900 |
| 31 August 2026 | 128.8500 |
| 30 September 2026 | 127.3300 |
| 9 October 2026 | 127.8900 |
| 5 November 2026 | 127.1564 |
GBP to INR exchange rate in August and September 2026
| Date (ECB fixing) | GBP/INR |
|---|---|
| 10 August 2026 | 128.7000 |
| 21 August 2026 (year high) | 130.6900 |
| 26 August 2026 | 130.0600 |
| 4 September 2026 | 127.8500 |
| 15 September 2026 (September high) | 129.3900 |
| 24 September 2026 (September low) | 126.8600 |
| 30 September 2026 | 127.3300 |
Reference rates are set on working days only. Over September the pound slipped 1.2% against the rupee, from ₹128.85 to ₹127.33, and it has stayed between ₹127 and ₹128 on the fixings shown here since.
What is driving the GBP to INR rate?
The rupee has recovered some ground since the RBI’s rise
GBP/INR is the pound-dollar rate multiplied by the dollar-rupee rate. Across 2026 the pound is almost unchanged against the dollar ($1.3443 to $1.3459), while the dollar has risen 4.7% against the rupee (₹90.20 to ₹94.48), so the pound’s gain this year comes from rupee weakness. Since 9 October, though, the rupee has recovered 2.3% against the dollar, from ₹96.73, which has offset a 1.8% rise in the pound against the dollar. Our GBP/USD forecast covers the pound side.
The RBI has moved to “calibrated tightening”
On 7 October the Reserve Bank of India’s Monetary Policy Committee voted unanimously to raise the repo rate by 25 basis points to 5.50%, with the standing deposit facility at 5.25% and the marginal standing facility at 5.75%. It changed its stance to “calibrated tightening”, said rate cuts are off the table in the near term, and projects CPI inflation of 5.2% for 2026-27, peaking at 6.0% in October–December, against a 4% target. The RBI’s schedule puts the next meeting on 2–4 December.
The Bank of England has raised Bank Rate to 4%
The Bank of England raised Bank Rate from 3.75% to 4% on 5 November 2026 in an 8–1 vote, its first rise in three years; Catherine Mann voted for 4.25%. The Bank expects UK CPI, 3.5% in September, to reach about 5% by mid-2027. Governor Andrew Bailey warned against reading the move as the first of a long sequence. The next decision is on 17 December; see our Bank of England rate decision tracker.
The dollar and the Federal Reserve
The rupee trades mainly against the dollar. The Federal Reserve held at 3.75%–4.00% on 28 October, and US payrolls rose 165,000 in October, well above the roughly 65,000 expected (reported). A Fed rise on 8–9 December could firm the dollar and push USD/INR, and with it GBP/INR, higher.
What is the GBP to INR forecast for the next 6 months?
| Horizon | GBP/INR range | What pushes it higher | What pushes it lower |
|---|---|---|---|
| To end December 2026 | ₹125–₹132 | A Fed rise on 9 December; a second Bank of England rise on 17 December | A further RBI rise on 4 December steadies the rupee |
| To end March 2027 | ₹123–₹134 | Renewed rupee weakness against the dollar | The pound slips against the dollar while the rupee holds |
| Next 6 months (to early May 2027) | ₹123–₹134 | UK rates stay high while the RBI pauses | The Bank of England stops at 4% |
| 2027 as a whole | ₹120–₹138 | India’s inflation stays well above the UK’s | Energy prices fall and the Bank of England reverses first |
Cambridge Currencies’ forecast ranges as at 5 November 2026. They are not guarantees, and rates may move outside them. They are consistent with our GBP/USD range of 1.32–1.37 to the end of 2026 and our USD/INR range of ₹93.50–₹96.50. This page is reviewed every four to eight weeks and after RBI and Bank of England decisions.
Our October ranges (₹125–₹131 over three months, ₹123–₹133 over six) have not been broken. We have lifted the top slightly to allow for a second UK rise and a firmer dollar.
Will the pound rate increase in India?
The pound may edge higher against the rupee over time, but probably more slowly than in 2025, when it rose from about ₹106 to ₹121. The RBI is now raising rates to contain inflation, which has already helped the rupee since October. A second Bank of England rise or a Fed rise could lift GBP/INR towards ₹132; a further RBI rise could hold it nearer ₹125.
Why has the pound fallen against the rupee since August?
The pound is 2.7% below its 21 August high of ₹130.69, about ₹3.53 less per pound. In August and September the pound weakened against the dollar; since October the rupee has strengthened against the dollar after the RBI’s rate rise. For NRIs and families receiving money from the UK, each £1,000 now buys about ₹3,530 less than at the August peak.
What is the INR to GBP forecast?
The INR to GBP forecast is the same forecast turned round. At ₹127.16, ₹1,00,000 (one lakh) converts to about £786. Our six-month range of ₹123–₹134 is equivalent to one lakh rupees buying between about £746 and £813. See the live INR to GBP rate.
What is the pound to INR forecast for the next 5 years?
No one can forecast a currency reliably five years ahead, but the long-run trend is clear. The pound has risen against the rupee for most of the past decade, broadly in line with India’s higher inflation.
| Date (ECB fixing) | GBP/INR |
|---|---|
| 30 December 2016 | 83.6200 |
| 31 December 2018 | 89.1300 |
| 31 December 2020 | 99.7300 |
| 30 December 2022 | 99.4100 |
| 31 December 2024 | 107.2500 |
| 31 December 2025 | 121.0200 |
| 5 November 2026 | 127.1564 |
Since the end of 2016 the pound has gained about 52% against the rupee, an average of about 4.3% a year. As illustrative arithmetic only, that pace would take the rate to about ₹157 in five years. If the inflation gap narrowed to the 2 points implied by the RBI’s 4% target and the Bank of England’s 2% target, a 2% annual drift would point nearer ₹140. Both paths would include large swings, such as the flat years between 2020 and 2022.
What does the GBP to INR forecast mean for your transfer?
Sending a large sum to India
| Illustrative: £50,000 converted at | Rupees received | Difference vs 5 November |
|---|---|---|
| ₹125 (bottom of year-end range) | ₹62,50,000 | −₹1,08,000 |
| ₹127.16 (5 November fixing) | ₹63,58,000 | — |
| ₹132 (top of year-end range) | ₹66,00,000 | +₹2,42,000 |
That is a spread of ₹3.5 lakh inside the range to December on one illustrative transfer. Our guide on how to send money to India from the UK covers costs and methods.
The cost of the exchange rate margin
The margin you pay often matters as much as the timing. Providers build a margin into the exchange rate rather than showing it as a separate fee, so it is worth asking for the margin against the mid-market rate before you send. As illustrative arithmetic, at ₹127.16 each 1% of margin on a £10,000 transfer means about ₹12,700 less arrives in India. Our guide on why money sent to India can arrive as US dollars covers a common and costly mistake.
Fixing a rate ahead
With the RBI repo rate 1.5 points above Bank Rate, a GBP/INR forward sits above spot. As illustrative arithmetic at policy rates and before any margin, a 12-month forward from ₹127.16 would be roughly ₹129. A forward contract can fix the rate for up to 12 months.
Business payments to India
For UK businesses paying Indian suppliers in rupees, the rupee’s weakness has cut sterling costs this year, though less so since October. Our guide to paying Indian suppliers from the UK covers invoicing and timing. A rate alert can tell you when GBP/INR reaches your budget rate.
Which dates matter for GBP to INR?
| Date | Event | Why it matters |
|---|---|---|
| 10 November 2026 | US CPI (October) | Shapes the odds of a Fed rise |
| 18 November 2026 | UK CPI (October) | Shapes the odds of a second UK rise |
| 2–4 December 2026 | RBI MPC meeting | A further rise could steady the rupee |
| 8–9 December 2026 | Federal Reserve decision and projections | A rise could push USD/INR higher |
| 17 December 2026 | Bank of England decision | A second rise would support the pound |
| 4 February 2027 | Bank of England decision and Monetary Policy Report | New UK forecasts |
GBP to INR forecast: frequently asked questions
Is the GBP to INR rate expected to go up or down this month?
Our range to the end of December is ₹125–₹132, around a 5 November fixing of ₹127.16, so we see no strong one-way direction. US CPI on 10 November and UK CPI on 18 November are the main scheduled events this month.
What is the RBI repo rate now?
The repo rate is 5.50%, after a 25-basis-point rise on 7 October 2026. The RBI changed its stance to “calibrated tightening”, and its next meeting is on 2–4 December 2026.
Why is the rupee weak against the pound?
The rupee has fallen 4.7% against the US dollar this year, and that weakness has carried through to the pound-rupee rate. Over the long run, India’s inflation has run above the UK’s, which tends to weaken the rupee.
What was the highest GBP to INR rate in 2026?
The 2026 high on ECB reference rates was ₹130.69 on 21 August. The pound started the year at ₹121.25.
Can I set a target GBP to INR rate?
Yes. A rate alert notifies you when GBP/INR reaches your chosen level, and your specialist can then book the transfer by phone. Ask about the options available for your payment.
How long does a GBP to INR transfer take?
GBP to INR transfers usually arrive within one to two working days. India is five and a half hours ahead of the UK in winter, so morning UK payments have the best chance of same-day credit.
Speak to a specialist about your transfer to India
Whether you are supporting family, buying property or paying for education in India, every Cambridge Currencies transfer is handled by phone with a dedicated specialist, from £5,000. Get a quote for your rupee transfer, or see all our currency forecasts. We work with FCA-authorised payment partners Currencycloud (FRN 900199) and ScioPay (FRN 927951), with client funds safeguarded at a credit institution in line with UK safeguarding rules. This article is general guidance, not a personal recommendation. Exchange rates can move against you as well as in your favour.
