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        FEMA & RBI

        RBI Reference Rate for US $

        May 11, 2016

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        Date : May 11, 2016

        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6958 on May 11, 2016.

        The corresponding rate for the previous day (May 10, 2016) was ₹ 66.7224.

        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

        May 10, 2016

        May 11, 2016

        1 EUR

        75.9568

        75.9665

        1 GBP

        96.1069

        96.4355

        100 YEN

        61.35

        61.43

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

         

        Ajit Prasad
        Assistant Adviser

        Press Release: 2015-2016/2632

        Reference exchange rate: RBI updates US Dollar benchmark, shaping cross-currency Rupee quotations and SDR Rupee basis. Reserve Bank of India issues the daily Reference Rate for the US Dollar, provides a prior-day comparison, and publishes cross-currency-derived Rupee quotations for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate is based on this 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 exchange rate: RBI updates US Dollar benchmark, shaping cross-currency Rupee quotations and SDR Rupee basis.

                                Reserve Bank of India issues the daily Reference Rate for the US Dollar, provides a prior-day comparison, and publishes cross-currency-derived Rupee quotations for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate is based on this published reference rate.


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