FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Press Release

(520 kb)

Date : Feb 17, 2017

RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0467 on February 17, 2017.

The corresponding rate for the previous day (February 16, 2017) was ₹ 66.9468.

Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below:

Currency	Date
Currency	February 16, 2017	February 17, 2017
1 EUR	71.0239	71.5053
1 GBP	83.4358	83.7614
100 YEN	58.75	59.15
Note : The SDR-Rupee rate will be based on the reference rate.