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        FEMA & RBI

        RBI Reference Rate for US $

        May 2, 2016

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.3435 on May 02, 2016.

        The corresponding rate for the previous day (April 29, 2016) was ₹ 66.5176.

        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 29, 2016

        May 02, 2016

        1 EUR

        75.7303

        76.0562

        1 GBP

        97.4017

        97.0207

        100 YEN

        61.96

        62.31

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

        Anirudha D. Jadhav

        Assistant Manager

        Reference rate for US dollar announced; cross currency exchange rates provided and SDR Rupee linkage specified. Announcement of the Reserve Bank of India's reference rate for the US dollar, with the published USD reference rate and the prior day's rate. Based on that reference and cross currency middle rates, derived exchange rates for the euro, pound sterling and yen against the rupee are provided for specified dates. The release 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 announced; cross currency exchange rates provided and SDR Rupee linkage specified.

                                Announcement of the Reserve Bank of India's reference rate for the US dollar, with the published USD reference rate and the prior day's rate. Based on that reference and cross currency middle rates, derived exchange rates for the euro, pound sterling and yen against the rupee are provided for specified dates. The release 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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