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of <h1>Indian Government Updates Exchange Rates for Foreign Currencies Under Customs Act, 1962, Effective October 1, 1986</h1> In accordance with the Customs Act, 1962, the Central Government of India has issued a notification determining the exchange rates for converting specified foreign currencies into Indian currency, effective from October 1, 1986. This notification supersedes the previous notification dated June 27, 1986. The exchange rates are detailed in a schedule listing various foreign currencies, such as the U.S. Dollar at 7.790 INR, the Pound Sterling at 5.3855 INR, and the Japanese Yen at 1201 INR, among others, for each 100 INR equivalent.
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