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        FEMA & RBI

        RBI Reference Rate for US $

        November 19, 2014

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 61.8280 on November 19, 2014.

        The corresponding rate for the previous day (November 18, 2014) was ₹ 61.8080.

        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

        November 18, 2014

        November 19, 2014

        1 EUR

        77.0931

        77.4210

        1 GBP

        96.7666

        96.5568

        100 YEN

        52.97

        52.71

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

         

        Ajit Prasad

        Assistant General Manager

        Reference rate for US Dollar sets rupee exchange benchmarks for EUR, GBP, JPY and SDR conversion. The Reserve Bank announced the Reference Rate for the US Dollar on November 19, 2014 as the benchmark for deriving Rupee exchange rates; using that reference and middle cross currency quotes it published corresponding EUR, GBP and JPY Rupee rates and stated 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 for US Dollar sets rupee exchange benchmarks for EUR, GBP, JPY and SDR conversion.

                                The Reserve Bank announced the Reference Rate for the US Dollar on November 19, 2014 as the benchmark for deriving Rupee exchange rates; using that reference and middle cross currency quotes it published corresponding EUR, GBP and JPY Rupee rates and stated the SDR Rupee rate will be based on the reference rate.


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