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    December 31, 2015
    Show AI Summary
    Reference Rate announcement sets US dollar exchange reference, with derived euro, pound and yen rates and SDR linkage.
    Announcement sets the Reference Rate for the US dollar, compares it with the prior day, and derives euro, pound sterling and yen exchange rates from the dollar reference using middle rates of cross-currency quotes; it specifies that the SDR-Rupee rate will be based on that reference.
    December 30, 2015
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    Reference rate for US dollar establishes rupee exchange benchmarks and cross currency rates for euro, pound and yen.
    The Reserve Bank of India published the Reference Rate for the US Dollar and, using that rate with cross currency middle quotes, provided corresponding rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; it also states the SDR Rupee rate will be based on the published reference rate.
    December 29, 2015
    Show AI Summary
    Reference rate for US dollar updated; cross-currency rupee rates for euro, pound and yen adjusted accordingly.
    The Reserve Bank published the Reference Rate for the US Dollar for December 29, 2015, noted the prior day's USD reference rate, and-using the USD reference and middle cross currency quotes-provided the exchange rates of the Euro, Pound Sterling and Japanese Yen against the Rupee; the SDR Rupee rate is to be based on the published reference rate.
    December 29, 2015
    Show AI Summary
    Government securities auction: price based re issue allowing competitive and non competitive bids with reserved non competitive allotment rules.
    Announcement of a price based re issue auction of multiple Government securities using the multiple price method, permitting both competitive and non competitive bids submitted electronically with a reserved allotment for eligible individuals and institutions under the Scheme for Non Competitive Bidding Facility; the Stocks will be eligible for "When Issued" trading under existing guidelines.
    December 28, 2015
    Show AI Summary
    Reference rate for US Dollar published; cross currency exchange rates for euro, pound and yen issued and SDR rupee linkage noted.
    The Reserve Bank of India publishes the Reference Rate for the US Dollar and the prior business day's rate for comparison; using that US Dollar reference and middle cross currency quotes the Bank provides exchange rates for the euro, the British pound and the Japanese yen against the rupee, and specifies that the SDR rupee rate will be based on the reference rate.
    December 24, 2015
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    Currency exchange extension: older banknotes may be exchanged at identified bank branches and RBI issue offices
    The Reserve Bank extended the public facility to exchange pre-2005 banknotes until an extended date, restricting exchanges from the new year to identified bank branches and Issue Offices of the Reserve Bank. All such notes continue to be legal tender. The measure is framed as currency series management to withdraw older-design notes following wide circulation of the successor series, with the Bank urging the public to use designated exchange points and stating it will monitor the process to avoid inconvenience.
    December 23, 2015
    Show AI Summary
    Reference rate for US dollar establishes basis for cross currency exchange rates and SDR rupee conversion framework.
    Publication of a Reference Rate for the US dollar serves as the benchmark for deriving exchange rates: the US dollar reference together with middle rates of cross currency quotes produces the published euro, pound sterling and yen rates against the rupee, and the SDR Rupee rate is to be based on that reference rate.
    December 22, 2015
    Show AI Summary
    Reference rate for US Dollar set by central bank, with cross currency exchange benchmarks and SDR Rupee linkage.
    Reserve Bank of India establishes the Reference Rate for the US Dollar and publishes corresponding cross currency exchange rates for euro, pound sterling and yen, and specifies that the SDR Rupee rate will be derived from the published reference rate.
    December 21, 2015
    Show AI Summary
    Reference rate publication sets dollar benchmark and mandates derived cross-currency and SDR-rupee calculations for exchange rate referencing.
    The Reserve Bank of India publishes an official daily Reference Rate for the US Dollar as the benchmark rupee exchange rate and supplies corresponding rupee rates for other major currencies by applying middle cross-currency quotes to that Reference Rate; the notice also specifies that the SDR-Rupee rate will be based on the published Reference Rate.
    December 18, 2015
    Show AI Summary
    Reference rate for US dollar updated; cross currency rupee rates for euro, pound and yen adjusted accordingly.
    The Reserve Bank of India published an updated Reference Rate for the US Dollar and, using that rate with middle cross currency quotes, supplied corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen, and specified that the SDR Rupee rate will be based on the stated reference rate.
    December 17, 2015
    Show AI Summary
    Reference rate for US Dollar sets the rupee benchmark and determines cross currency and SDR Rupee conversion outcomes.
    Publication of an official Reference Rate for the US Dollar establishes the benchmark rupee conversion rate and a day on day comparison; using that reference and middle cross currency quotes the release provides exchange rates for the Euro, British Pound and Japanese Yen against the Rupee and states that the SDR Rupee rate will be based on the published reference rate.
    December 16, 2015
    Show AI Summary
    Reference Rate for US Dollar affects calculation of euro, pound and yen exchange rates and the SDR rupee rate.
    Reserve Bank of India publishes the Reference Rate for the US Dollar and, using that rate with middle cross currency quotes, provides Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate will be based on that reference rate.
    December 15, 2015
    Show AI Summary
    Reference rate for US dollar published; determines SDR Rupee valuation and sets cross currency Rupee exchange benchmarks.
    The Reserve Bank of India published a reference rate for the US dollar and confirmed that the SDR Rupee rate will be based on that reference; it also provided derived exchange rates for the euro, pound sterling and Japanese yen against the rupee using the USD reference and cross currency middle rates.
    December 14, 2015
    Show AI Summary
    Reference rate for US Dollar determines cross-currency exchange rates and the SDR Rupee conversion used for official conversions.
    The Reserve Bank publishes an official reference rate for the US dollar as the baseline for rupee conversions; using that reference and middle cross-currency quotes it derives and publishes exchange rates for other currencies, and it specifies that the SDR Rupee rate will be based on the published reference rate.
    December 11, 2015
    Show AI Summary
    Reference rate for US dollar set; corresponding rupee exchange rates for euro, pound and yen announced by regulator.
    The Reserve Bank of India fixed the Reference Rate for the US dollar on December 11, 2015, noted the prior day's reference rate for comparison, and-based on that dollar reference and middle cross currency quotes-published corresponding rupee exchange rates for the euro, the British pound and the Japanese yen; the SDR Rupee rate is to be based on the declared reference rate.
    December 10, 2015
    Show AI Summary
    Reference rate for US Dollar sets cross currency exchange rates against the Rupee and determines SDR Rupee valuation.
    Reserve Bank of India published the reference rate for the US Dollar and corresponding cross currency mid rates for the Euro, Pound Sterling and Japanese Yen against the Rupee, and specified that the SDR Rupee rate will be derived from the USD reference rate, making the USD rate the operative benchmark for related multi currency valuations.
    December 9, 2015
    Show AI Summary
    Reference rate for US dollar sets rupee cross-rates for major currencies and SDR linkage today.
    The Reserve Bank publishes the Reference Rate for the US Dollar and corresponding cross-currency middle rates for Euro, Pound Sterling and Japanese Yen against the Rupee, and states that the SDR Rupee rate will be based on that reference rate for market conversion and reporting purposes.
    December 8, 2015
    Show AI Summary
    Reference Rate for US Dollar establishes Rupee conversion basis and cross currency rates for euro, pound and yen.
    The Reserve Bank of India publishes a daily Reference Rate for the US Dollar as the Rupee conversion benchmark; derived exchange rates for euro, pound sterling and Japanese yen are provided using that reference rate and middle cross currency quotes, and the SDR Rupee rate is based on the published reference rate.
    December 8, 2015
    Show AI Summary
    Foreign direct investment policy: NRIs and NRIs owned foreign entities now treated at par for investment into India.
    The government affirms a liberal FDI regime with most sectors open under the automatic route and clarifies that investments by NRIs under Schedule 4 of the FEMA Regulations are deemed domestic. Special dispensation for NRI investment in construction development and civil aviation has been extended to foreign companies, trusts and partnership firms that are owned and controlled by NRIs, which will be treated at par with NRIs for investment into India.
    December 8, 2015
    Show AI Summary
    Government securities auction: price-based multiple-price sale permitting competitive and non-competitive bids with 'When Issued' trading.
    The Government announced a price based auction by the Reserve Bank of India for re issued government stocks using the multiple price method, with electronic bids on E Kuber, both competitive and non competitive participation, up to five percent allocation under the Non Competitive Bidding Facility, specified bid submission windows, fixed result and settlement dates, and eligibility of the stocks for When Issued trading under RBI guidelines.

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      RBI Reference Rate for US $

      December 8, 2015

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      The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7983 on December 08, 2015.

      The corresponding rate for the previous day (December 07, 2015) was ₹ 66.6263.

      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

      December 07, 2015

      December 08, 2015

      1 EUR

      72.4028

      72.5162

      1 GBP

      100.6524

      100.4914

      100 YEN

      54.05

      54.27

      Note : The SDR-Rupee rate will be based on the reference rate.

       

      Ajit Prasad
      Assistant General Manager

      Topics

      ActsIncome Tax