FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Press Release

(154 kb)

Date : Mar 15, 2017

RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.5146 on March 15, 2017.

The corresponding rate for the previous day (March 14, 2017) was ₹ 66.1800.

Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below:

Currency	Date
Currency	March 14, 2017	March 15, 2017
1 EUR	70.4354	69.6224
1 GBP	80.5014	80.0654
100 YEN	57.57	57.08
Note : The SDR-Rupee rate will be based on the reference rate.