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<h1>India Sets New Exchange Rates for Foreign Currencies Effective June 3, 2016, Superseding Previous Notification /2016.</h1> The Government of India, through the Ministry of Finance's Central Board of Excise and Customs, issued Notification No. 80/2016 on June 2, 2016, setting the exchange rates for converting specified foreign currencies into Indian Rupees effective June 3, 2016. This notification supersedes the previous notification No. 77/2016 dated May 19, 2016. The exchange rates are detailed in two schedules: Schedule I lists rates for one unit of various foreign currencies for both imported and exported goods, while Schedule II provides rates for 100 units of selected foreign currencies.