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        FEMA & RBI

        RBI Reference Rate for US $

        January 17, 2018

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.9797 on January 17, 2018.

        The corresponding rate for the previous day (January 16, 2018) was ₹ 63.7602.

        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

        January 16, 2018

        January 17, 2018

        1 EUR

        78.2019

        78.3495

        1 GBP

        87.9126

        88.1256

        100 YEN

        57.50

        57.74

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

        Anirudha D. Jadhav
        Assistant Manager

        Reference Rate publication: US Dollar benchmark set; cross currency rupee rates updated and SDR rupee linked to the reference. The RBI published the Reference Rate for the US Dollar for January 17, 2018, with the prior day's rate for comparison, and reported rupee exchange rates for the Euro, British Pound and Japanese Yen derived from the dollar reference and middle cross currency quotes. It further states that the SDR Rupee rate will be based on the published reference rate, establishing the linkage for calculation of the SDR rupee conversion.
                          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 publication: US Dollar benchmark set; cross currency rupee rates updated and SDR rupee linked to the reference.

                                The RBI published the Reference Rate for the US Dollar for January 17, 2018, with the prior day's rate for comparison, and reported rupee exchange rates for the Euro, British Pound and Japanese Yen derived from the dollar reference and middle cross currency quotes. It further states that the SDR Rupee rate will be based on the published reference rate, establishing the linkage for calculation of the SDR rupee conversion.


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