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        Case ID :

        RBI Reference Rate for US $

        April 7, 2016

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4698 on April 07, 2016.

        The corresponding rate for the previous day (April 06, 2016) was ₹ 66.5807.

        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

        April 06, 2016

        April 07, 2016

        1 EUR

        75.6290

        75.8952

        1 GBP

        94.0918

        94.0415

        100 YEN

        60.31

        61.04

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

        Ajit Prasad
        Assistant Adviser

        Reference Rate for US dollar updated; cross-currency exchange rates revised and SDR-rupee linked to reference rate. The Reserve Bank of India published the Reference Rate for the US dollar on April 7, 2016 with the prior day's comparison; using that dollar reference and middle cross currency quotes it provided rupee conversion rates for the euro, pound sterling and the Japanese yen, and specified 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 updated; cross-currency exchange rates revised and SDR-rupee linked to reference rate.

                                The Reserve Bank of India published the Reference Rate for the US dollar on April 7, 2016 with the prior day's comparison; using that dollar reference and middle cross currency quotes it provided rupee conversion rates for the euro, pound sterling and the Japanese yen, and specified 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.

                                Topics

                                ActsIncome Tax
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