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        FEMA & RBI

        RBI Reference Rate for US $

        July 5, 2017

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.7209 on July 05, 2017.

        The corresponding rate for the previous day (July 04, 2017) was ₹ 64.8168.

        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 04, 2017

        July 05, 2017

        1 EUR

        73.5995

        73.5035

        1 GBP

        83.9118

        83.6065

        100 YEN

        57.49

        57.15

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

         Ajit Prasad

        Assistant Adviser

        Reference rate for US Dollar published; corresponding euro, pound and yen rupee rates updated and SDR rupee linked. Publication of the Reference Rate for the US Dollar by the Reserve Bank of India establishes the benchmark rupee valuation and, using cross currency middle rates, derives and publishes rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR Rupee rate is stated to be based on this 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 published; corresponding euro, pound and yen rupee rates updated and SDR rupee linked.

                                Publication of the Reference Rate for the US Dollar by the Reserve Bank of India establishes the benchmark rupee valuation and, using cross currency middle rates, derives and publishes rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR Rupee rate is stated to be based on this reference rate.


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