Indian Rupee

Indian Rupee

The Indian rupee (sign: ₹; code: INR) is the official currency of the Republic of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2018, coins of denomination of 50 paise or half rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire. In 2010, a new rupee symbol '₹', was officially adopted. It was derived from the combination of the Devanagari consonant "र" (ra) and the Latin capital letter "R" without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity. The first series of coins with the new rupee symbol started in circulation on 8 July 2011. On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes with effect from midnight of the same day, making these notes invalid. A newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016. The new redesigned series is also expected to be enlarged with banknotes in the denominations of ₹1000, ₹100 and ₹50 in the coming months.On 25 August 2017, a new denomination of ₹200 banknote was added to Indian currency to fill the gap of notes due to high demand for this note after demonetisation.In July 2018, the Reserve Bank Of India released the ₹100 banknote.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

94 Indian Rupee to British Pound exchange rates chart

94 INR to GBP exchange rates graph
94 INR to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

94 INR to GBP exchange rates table

Exchange INR to GBP
94 Indian Rupee = 1.047 British Pound
188 Indian Rupee = 2.093 British Pound
470 Indian Rupee = 5.233 British Pound
940 Indian Rupee = 10.466 British Pound
Exchange Indian Rupee to British Pound
94 Indian Rupee to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best INR/GBP rate at Thomas Exchange Global in London

94 INR to GBP exchange rates at Thomas Exchange Global in London
94 Indian Rupee = 0.960 British Pound
Thomas Exchange Global
Thomas Exchange Global

Thomas Exchange Global was established in 1993 and has grown to become one of the leading providers of wholesale, retail, travel and commercial foreign exchange services to businesses and individual private clients in the UK. As a dedicated foreign exchange specialist, we have the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide you with an unprecedented level of service that sets the standard in the foreign exchange industry. We are...

Best INR/GBP rate at RRSB Forex in New Delhi

94 INR to GBP exchange rates at RRSB Forex in New Delhi
94 Indian Rupee = 11.111 British Pound
RRSB Forex
RRSB Forex

RRSB Forex was the beginning of a legacy. Much before India got its independence, in a period where business was carried out in the British currency in the then English colony, India, there emerged an enterprising family that forever changed the way Indian entrepreneurs carried out their businesses. Introducing the concept of money changing in 1912, the Sen family established R.R. Sen & Brothers (Pvt) Ltd., the very first foreign exchange dealership in India, which is today famous as RRSB...

Best INR/GBP rate at Weizmann Forex in New Delhi

94 INR to GBP exchange rates at Weizmann Forex in New Delhi
94 Indian Rupee = 1.027 British Pound
Weizmann Forex
Weizmann Forex

The Weizmann Group comprises these key enterprises: Weizmann Forex Ltd. – Foreign Exchange, Remittance, Insurance, Tours, Travel. Weizmann Ltd. – Textile Processing and Exports. For more information please visit www.weizmann.co.in Weizmann International Ltd. – Textile Exports. For more information please visit www.weizmann.co.in Karma Energy Ltd. – Development of Renewable Energy Projects, mainly Wind and Small Hydro. For more information please visit www.karmaenergy.co Greenweiz...

Best INR/GBP rate at Kalakshetra Forex in Chennai

94 INR to GBP exchange rates at Kalakshetra Forex in Chennai
94 Indian Rupee = 1.036 British Pound
Kalakshetra Forex
Kalakshetra Forex

We are having six year experience in Foreign Exchange Field. We are one and only Foreign Exchange in ECR Chennai. We are giving first Preference to Senior Citizen. We can give quick service to our customer because we are near to Adyar, Besant Nagar, OMR and ECR and we are having parking facilities. We value each and every customers satisfaction and make their experience with us memorable one. Our team consists of qualified financial experts and forex analysts who are committed to deliver...

Best INR/GBP rate at Prithvi Exchange in Chennai

94 INR to GBP exchange rates at Prithvi Exchange in Chennai
94 Indian Rupee = 1.040 British Pound
Prithvi Exchange
Prithvi Exchange

Prithvi Exchange (India) Ltd is a listed public Ltd company licensed by Reserve Bank of India as an Authorized Dealer category II. Prithvi Exchange is operating with its corporate office established in Chennai with a network of 8 branches in Chennai, one branch in Tourist Town – Mahabalipuram, three branches in Hyderabad, two in Bengaluru, and one each in Ahmedabad and Mumbai. Plans are afloat to expand its network in Kochi, Pune and Sri Lanka Shortly. The Customer base of Prithvi Exchange...

Best INR/GBP rate at SF Forex in Chennai

94 INR to GBP exchange rates at SF Forex in Chennai
94 Indian Rupee = 1.106 British Pound
SF Forex
SF Forex

Profile The business of Sugal Finance Ltd., has its genesis in a Sole Proprietorship from by the name "Sugal Finance", established in the year 1989. On 19.02.1990. the Company was incorporated in the name of Sugal Finance Credit and Investment Private Ltd., on 17.03.1993, the name of the Company was changed to Sugal Finance Private Ltd., on 11.05.1993, the Company was converted from Private Limited to a Public Limited Company, and on 07.10.2003 the Company was converted from Public Limited to...

94 INR to GBP exchange rates news

Rupee tumbles 53 paise to 70.21 against USD on crude woes

At the Interbank Foreign Exchange (forex) Tuesday, the rupee opened on a sluggish note at 69.83.

4 days indicative negative
Sensex ends 106 points lower over declining banking stocks

Sensex ends 106 points lower over declining banking stocks

5 days indicative negative
Decoupling From Global Pessimism

Frank-Jürgen Richter - The Indian economy has the potential to remain decoupled from the global economic pessimism, but for that to happen, bold and sustained policy moves are required. It will be interesting to see if this government can buck the trend, , indian economy, Global Pessimism

11 days indicative positive
SOPA says India Dec soymeal export dn 24% on mo to around 200,000 tn

SOPA says India Dec soymeal export dn 24% on mo to around 200,000 tn

11 days conditional neutral
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

5 days indicative negative
Forex reserves hit high in December | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 4 (CNA) Taiwan's foreign exchange reserves hit another all-time high at the end of December because of an increase in returns on the portfolio managed by Taiwan's central bank, the bank said Friday.

11 days indicative neutral

94 INR to GBP currency converter