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          FEMA

          How will the exchange rate be determined?

          International Trade Settlement in Indian Rupees (INR) - As on Dec 01, 2022

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          Exchange rate determination: cross border trade settlements use market determined rates for converting partner currencies. Exchange rate determination for cross border trade settlements in Indian rupees is to be market determined, meaning the exchange rate between the currencies of the two trading partner countries is set by prevailing market forces rather than by a prescribed administrative rate.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Exchange rate determination: cross border trade settlements use market determined rates for converting partner currencies.

                                  Exchange rate determination for cross border trade settlements in Indian rupees is to be market determined, meaning the exchange rate between the currencies of the two trading partner countries is set by prevailing market forces rather than by a prescribed administrative rate.


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