<h1>New Exchange Rates for Foreign Currencies Announced Under Customs Act, 1962, Effective May 18, 2018.</h1> The Central Board of Indirect Taxes and Customs has announced new exchange rates for various foreign currencies under the Customs Act, 1962, effective from May 18, 2018. These rates apply to the conversion of foreign currencies into Indian rupees for imported and export goods. For instance, the rate for the US Dollar is set at 68.65 for imports and 66.95 for exports. Other currencies such as the Euro, Pound Sterling, and Japanese Yen have also been assigned specific rates for both import and export transactions. This notification supersedes a previous announcement made on May 3, 2018.