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

(160 kb)

Date : Mar 12, 2018

RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.0199 on March 12, 2018.

The corresponding rate for the previous day (March 09, 2018) was ₹ 65.0784.

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	March 09, 2018	March 12, 2018
1 EUR	80.1636	80.0915
1 GBP	89.8537	90.1241
100 YEN	60.97	60.96
Note : The SDR-Rupee rate will be based on the reference rate.