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    FEMA & RBI

    RBI Reference Rate for US $ and Euro

    October 24, 2013

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    The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.4105 and the Reference Rate for Euro is Rs.84.8150 on October 24, 2013. The corresponding rates for the previous day (October 23, 2013) were Rs.61.5340 and Rs.84.7495 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

    Currency

    Date

    October 23, 2013

    October 24, 2013

    1 GBP

    99.7466

    99.5280

    100 YEN

    63.18

    62.99

    Note : The SDR-Rupee rate will be based on the reference rate.

    Ajit Prasad
    Assistant General Manager

    Topics

    ActsIncome Tax
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