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        FEMA & RBI

        RBI Reference Rate for US $ and Euro

        August 2, 2013

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        The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 60.8035 and the Reference Rate for Euro is Rs. 80.3655 on August 2, 2013. The corresponding rates for the previous day (August 1, 2013) were Rs. 60.7423 and Rs. 80.6025 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

        August 1, 2013

        August 2, 2013

        1 GBP

        92.0550

        91.9531

        100 YEN

        61.69

        61.04

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

        Ajit Prasad
        Assistant General Manager

         

        Reference Rate publication updates exchange rate benchmarks and cross currency conversions affecting rupee valuations and SDR linkage. The Reserve Bank of India issued the Reference Rate for the US dollar and the Euro, updating official rupee exchange benchmarks with corresponding prior day comparisons; it derived rupee rates for the British pound and Japanese yen from the US dollar reference and middle cross currency quotes, and stated that the SDR Rupee rate will be based on the 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 updates exchange rate benchmarks and cross currency conversions affecting rupee valuations and SDR linkage.

                                The Reserve Bank of India issued the Reference Rate for the US dollar and the Euro, updating official rupee exchange benchmarks with corresponding prior day comparisons; it derived rupee rates for the British pound and Japanese yen from the US dollar reference and middle cross currency quotes, and stated that the SDR Rupee rate will be based on the Reference Rate.


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