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of <h1>India Updates Currency Exchange Rates for Imports and Exports; Notification No. 49/2017 Supersedes Previous Rates.</h1> Notification No. 49/2017 issued by the Central Board of Excise and Customs, under the Ministry of Finance, Government of India, sets forth the exchange rates for converting specified foreign currencies into Indian Rupees, effective from May 19, 2017. This notification supersedes the previous notification No. 43/2017, dated May 4, 2017. The rates apply to both imported and export goods, with detailed rates provided for currencies such as the US Dollar, Euro, and Japanese Yen, among others, in two separate schedules for individual and bulk currency units.
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