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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 : Jul 03, 2018
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.6935 on July 03, 2018.

The corresponding rate for the previous day (July 02, 2018) was ₹ 68.6227.

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
July 02, 2018 July 03, 2018
1 EUR 79.9592 80.0211
1 GBP 90.4310 90.3457
100 YEN 62.00 61.91
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/14


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