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        FEMA & RBI

        RBI Reference Rate for US $

        September 12, 2014

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 60.8400 on September 12, 2014

        The corresponding rate for the previous day (September 11, 2014) was ₹ 60.9155

        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

        September 11, 2014

        September 12, 2014

        1 EUR

        78.6358

        78.6418

        1 GBP

        98.6587

        98.7251

        100 YEN

        56.96

        56.74

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

        Ajit Prasad

        Assistant General Manager

        Reference rate for US Dollar published; cross currency rupee rates for euro, pound and yen derived accordingly. The Reserve Bank of India published an official reference rate for the US Dollar, disclosed the prior day's rate for comparison, and derived rupee exchange rates for the Euro, Pound Sterling and Japanese Yen using the US Dollar reference rate and middle cross currency quotes; it also stated that the SDR Rupee rate will be based on this 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 for US Dollar published; cross currency rupee rates for euro, pound and yen derived accordingly.

                                The Reserve Bank of India published an official reference rate for the US Dollar, disclosed the prior day's rate for comparison, and derived rupee exchange rates for the Euro, Pound Sterling and Japanese Yen using the US Dollar reference rate and middle cross currency quotes; it also stated that the SDR Rupee rate will be based on this reference rate.


                                Note: It is a system-generated summary and is for quick reference only.
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