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        FEMA & RBI

        RBI Reference Rate for US $

        December 28, 2016

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.2250 on December 28, 2016.

        The corresponding rate for the previous day (December 27, 2016) was ₹ 67.9967.

        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

        December 27, 2016

        December 28, 2016

        1 EUR

        71.0498

        71.4520

        1 GBP

        83.4999

        83.8622

        100 YEN

        57.97

        58.06

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

         

        Anirudha D. Jadhav

        Assistant Manager

        Reference rate for the US dollar updated; cross currency rupee rates published and SDR rupee tied to the reference rate. The Reserve Bank updated the US Dollar reference rate to Rs. 68.2250 on December 28, 2016 (previously Rs. 67.9967) and, from that reference and cross currency middle rates, published Rupee rates for EUR (71.4520), GBP (83.8622) and JPY (100 = 58.06); the SDR Rupee rate is stated to 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 for the US dollar updated; cross currency rupee rates published and SDR rupee tied to the reference rate.

                                The Reserve Bank updated the US Dollar reference rate to Rs. 68.2250 on December 28, 2016 (previously Rs. 67.9967) and, from that reference and cross currency middle rates, published Rupee rates for EUR (71.4520), GBP (83.8622) and JPY (100 = 58.06); the SDR Rupee rate is stated to be based on the published reference rate.


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