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        FEMA & RBI

        RBI Reference Rate for US $ and Euro

        July 25, 2013

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        The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 58.9415 and the Reference Rate for Euro is Rs. 77.8668 on July 25, 2013. The corresponding rates for the previous day (July 24, 2013) were Rs. 59.4465 and Rs. 78.4355 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

        Currency

        Date

        July 24, 2013

        July 25, 2013

        1 GBP

        91.2444

        90.4752

        100 YEN

        59.51

        59.01

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

        Ajit Prasad
        Assistant General Manager

        Press Release: 2013-2014/172

         

        Reference rate publication establishes official rupee exchange benchmarks and basis for SDR rupee conversion on the date. The central bank announced official rupee Reference Rates for the US dollar and the euro for the specified date, provided prior day rates for comparison, and, using the US dollar Reference Rate with cross currency middle rates, published derived rupee exchange rates for the pound sterling and the Japanese yen; it also stated that the SDR Rupee rate will be based on the published Reference 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.

                                Reference rate publication establishes official rupee exchange benchmarks and basis for SDR rupee conversion on the date.

                                The central bank announced official rupee Reference Rates for the US dollar and the euro for the specified date, provided prior day rates for comparison, and, using the US dollar Reference Rate with cross currency middle rates, published derived rupee exchange rates for the pound sterling and the Japanese yen; it also stated that the SDR Rupee rate will be based on the published Reference Rate.


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