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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 04, 2018
RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5312 on July 04, 2018.

The corresponding rate for the previous day (July 03, 2018) was ₹ 68.6935.

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 03, 2018 July 04, 2018
1 EUR 80.0211 80.0239
1 GBP 90.3457 90.5229
100 YEN 61.91 62.09
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/24


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