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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 : Jun 23, 2017
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5365 on June 23, 2017.

The corresponding rate for the previous day (June 22, 2017) was ₹ 64.4950.

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 22, 2017 June 23, 2017
1 EUR 72.0732 72.0808
1 GBP 81.7990 81.9743
100 YEN 58.05 58.01
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/3463


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