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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


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Date : Jun 16, 2017
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5883 on June 16, 2017.

The corresponding rate for the previous day (June 15, 2017) was ₹ 64.2801.

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
June 15, 2017 June 16, 2017
1 EUR 72.1094 72.0482
1 GBP 81.9121 82.5116
100 YEN 58.62 58.05
Note : The SDR-Rupee rate will be based on the reference rate.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2016-2017/3397


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