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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 : Oct 11, 2017
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2691 on October 11, 2017.

The corresponding rate for the previous day (October 10, 2017) was ₹ 65.2652.

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
October 10, 2017 October 11, 2017
1 EUR 76.8302 77.1677
1 GBP 85.9412 86.1161
100 YEN 57.95 58.08
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/990


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