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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 : Mar 14, 2018
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9875 on March 14, 2018.

The corresponding rate for the previous day (March 13, 2018) was ₹ 64.9567.

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
March 13, 2018 March 14, 2018
1 EUR 80.0916 80.5845
1 GBP 90.2314 90.8265
100 YEN 60.85 60.99
Note : The SDR-Rupee rate will be based on the reference rate.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2017-2018/2438


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