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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


PDF document (154 kb)
Date : Feb 22, 2017
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9644 on February 22, 2017.

The corresponding rate for the previous day (February 20, 2017) was ₹ 66.9771.

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
February 20, 2017 February 22, 2017
1 EUR 71.0560 70.5403
1 GBP 83.1923 83.6921
100 YEN 59.16 58.98
Note : The SDR-Rupee rate will be based on the reference rate.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2016-2017/2253


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