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<h1>India Sets New Currency Exchange Rates for Trade Under Customs Act, 1962; Effective November 2, 2018.</h1> The Government of India, through the Central Board of Indirect Taxes and Customs, issued Notification No. 90/2018 on November 1, 2018, under the Customs Act, 1962. This notification supersedes Notification No. 87/2018 and establishes the exchange rates for converting specified foreign currencies into Indian rupees for imported and exported goods, effective November 2, 2018. The rates are detailed in two schedules: Schedule I lists rates for individual currencies like the US Dollar, Euro, and others, while Schedule II provides the rate for 100 units of the Japanese Yen. This notification was later superseded by Notification No. 93/2018 on November 15, 2018.