Pound down 5% against the rupee: Why it's time to book your UK holiday now

The depreciation also brings cheer for those looking to study and invest in the UK

The depreciation in the pound sterling (GBP) has brought cheer for those looking to travel to the United Kingdom (UK) for leisure or higher studies. Even those looking to invest in property in UK can get good rates, given that the pound has depreciated against the rupee by about 5 per cent over the last three months and the current conversion rate stands at Rs 82.28 for one British pound.

Those with children going abroad to UK later this year (academic terms start between August and October) should convert their currency now and keep the funds ready, says Naveen Chopra, co-founder