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        FEMA & RBI

        RBI Reference Rate for US $

        February 4, 2015

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 61.6800 on February 04, 2015.

        The corresponding rate for the previous day (February 03, 2015) was ₹ 61.7389.

        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

        February 03, 2015

        February 04, 2015

        1 EUR

        69.9378

        70.7470

        1 GBP

        92.7071

        93.5316

        100 YEN

        52.76

        52.42

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

        Sangeeta Das

        Director

        Reference Rate published for USD, guiding cross currency conversions and forming the basis for SDR Rupee determinations. The Reserve Bank of India published the Reference Rate for the US Dollar as the daily benchmark and stated that other rupee exchange rates are derived from this USD reference using middle cross currency quotations; the release also specifies 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 published for USD, guiding cross currency conversions and forming the basis for SDR Rupee determinations.

                                The Reserve Bank of India published the Reference Rate for the US Dollar as the daily benchmark and stated that other rupee exchange rates are derived from this USD reference using middle cross currency quotations; the release also specifies that the SDR Rupee rate will be based on the published reference rate.


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