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        FEMA & RBI

        RBI Reference Rate for US $

        September 30, 2014

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 61.6135 on September 30, 2014.

        The corresponding rate for the previous day (September 29, 2014) was ₹ 61.4273.

        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 29, 2014

        September 30, 2014

        1 EUR

        77.9328

        78.2060

        1 GBP

        99.7272

        100.2760

        100 YEN

        56.07

        56.36

        Ajit Prasad

        Assistant General Manager

        Reference exchange rate published: central bank sets US dollar benchmark and derives euro, pound and yen rupee rates. The Reserve Bank of India published the reference rate for the US dollar for September 30, 2014 and the previous day's corresponding rate, and stated that EUR, GBP and JPY rupee exchange rates are derived from that US dollar reference using the middle rates of cross currency quotes; the release lists the specific rupee rates for those currencies for September 29 and September 30, 2014.
                          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 exchange rate published: central bank sets US dollar benchmark and derives euro, pound and yen rupee rates.

                                The Reserve Bank of India published the reference rate for the US dollar for September 30, 2014 and the previous day's corresponding rate, and stated that EUR, GBP and JPY rupee exchange rates are derived from that US dollar reference using the middle rates of cross currency quotes; the release lists the specific rupee rates for those currencies for September 29 and September 30, 2014.


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