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

(160 kb)

Date : Mar 19, 2018

RBI Reference Rate for US $

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.0375 on March 19, 2018.

The corresponding rate for the previous day (March 16, 2018) was ₹ 64.8737.

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 16, 2018	March 19, 2018
1 EUR	79.9114	79.7750
1 GBP	90.4858	90.5582
100 YEN	61.27	61.50
Note : The SDR-Rupee rate will be based on the reference rate.