Glossary entry

INR

INR is the international three-letter code for the Indian rupee, the currency of India. It is the currency your recipient normally receives when you send pounds to an Indian bank account, and it is the second half of the pair written GBP/INR. When a quote says the recipient gets a certain amount in INR, check whether that amount is guaranteed or an estimate, because intermediary or receiving banks can sometimes deduct charges. See also: GBP, exchange rate, IFSC code, NRE account, and the guide How to Read a Money Transfer Quote.