https://www.taxtmi.com/news?id=11329 The Reserve Bank publishes rupee reference rates for specified foreign currencies as the operative benchmarks for conversion and market reference. The announced dollar and euro reference rates serve as the authoritative basis for rupee valuations and for deriving additional currency rates: other exchange rates (such as pound sterling and yen) are calculated from the dollar reference rate using the middle rates of cross currency quotes. The release also provides that the SDR Rupee rate will be based on the published reference rate. en-us Tue, 02 Jul 2013 14:16:09 +0530 Tue, 02 Jul 2013 14:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11329 The Reserve Bank publishes rupee reference rates for specified foreign currencies as the operative benchmarks for conversion and market reference. The announced dollar and euro reference rates serve as the authoritative basis for rupee valuations and for deriving additional currency rates: other exchange rates (such as pound sterling and yen) are calculated from the dollar reference rate using the middle rates of cross currency quotes. The release also provides that the SDR Rupee rate will be based on the published reference rate. News - Tue, 02 Jul 2013 14:16:09 +0530 https://www.taxtmi.com/news?id=11329