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        FEMA & RBI

        RBI Reference Rate for US $

        July 9, 2015

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5065 on July 09, 2015.

        The corresponding rate for the previous day (July 08, 2015) was ₹ 63.5690.

        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

        July 08, 2015

        July 09, 2015

        1 EUR

        69.9323

        70.4986

        1 GBP

        98.2205

        97.8508

        100 YEN

        52.17

        52.30

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

         Ajit Prasad

         Assistant General Manager

        Reference rate for US dollar sets benchmark for calculating cross-currency rupee quotes and the SDR rupee rate. The Reserve Bank of India published the Reference Rate for the US Dollar for July 9, 2015, provided the previous day's rate, and, using the USD reference together with the middle rates of cross currency quotes, presented the rupee exchange rates for EUR, GBP and JPY for July 8 and July 9, 2015; the notice further states 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 for US dollar sets benchmark for calculating cross-currency rupee quotes and the SDR rupee rate.

                                The Reserve Bank of India published the Reference Rate for the US Dollar for July 9, 2015, provided the previous day's rate, and, using the USD reference together with the middle rates of cross currency quotes, presented the rupee exchange rates for EUR, GBP and JPY for July 8 and July 9, 2015; the notice further states that 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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