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        FEMA & RBI

        RBI Reference Rate for US $

        June 28, 2018

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        The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.9389 on June 28, 2018.

        The corresponding rate for the previous day (June 27, 2018) was ₹ 68.5246.

        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

        June 27, 2018

        June 28, 2018

        1 EUR

        79.8654

        79.6382

        1 GBP

        90.6032

        90.2134

        100 YEN

        62.36

        62.53

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

        Ajit Prasad

        Assistant Adviser

        Reference rate for US Dollar published; cross currency rupee exchange rates for euro, pound and yen derived accordingly. The Reserve Bank published the Reference Rate for the US Dollar and the previous day's corresponding figure, and used that reference rate with middle cross currency quotes to derive rupee exchange rates for the euro, pound sterling and yen; it also stated that the SDR Rupee rate will 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 US Dollar published; cross currency rupee exchange rates for euro, pound and yen derived accordingly.

                                The Reserve Bank published the Reference Rate for the US Dollar and the previous day's corresponding figure, and used that reference rate with middle cross currency quotes to derive rupee exchange rates for the euro, pound sterling and yen; it also stated that the SDR Rupee rate will be based on the published reference rate.


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