Foreign exchange conversion rules govern capital gains computation for non-resident Indians on Indian company shares and debentures. Prescribes the rate of exchange for computing capital gains on shares in, or debentures of, an Indian company held by a non-resident Indian. The cost of acquisition, transfer-related expenditure, and full value of consideration are converted using the average of the telegraphic transfer buying rate and telegraphic transfer selling rate of the foreign currency originally used, as on the relevant acquisition or transfer date. Capital gains computed in that foreign currency are reconverted into rupees at the telegraphic transfer buying rate on the date of transfer.