https://www.taxtmi.com/news?id=16843 The Reserve Bank publishes a reference rate for the US Dollar as the official benchmark for conversion into the Rupee and compares it with the prior published rate. It states that, using the US Dollar reference rate and the middle rates of cross currency quotes, the Bank derives exchange rates for other major currencies (Euro, Pound Sterling, Japanese Yen), and that the SDR Rupee rate will be computed based on the published reference rate. en-us Tue, 15 Nov 2016 13:41:03 +0530 Tue, 15 Nov 2016 13:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16843 The Reserve Bank publishes a reference rate for the US Dollar as the official benchmark for conversion into the Rupee and compares it with the prior published rate. It states that, using the US Dollar reference rate and the middle rates of cross currency quotes, the Bank derives exchange rates for other major currencies (Euro, Pound Sterling, Japanese Yen), and that the SDR Rupee rate will be computed based on the published reference rate. News - Tue, 15 Nov 2016 13:41:03 +0530 https://www.taxtmi.com/news?id=16843