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    Case ID :

    RBI Reference Rate for US $

    May 16, 2017

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    The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.0758 on May 16, 2017.

    The corresponding rate for the previous day (May 15, 2017) was ₹ 64.1188.

    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

    May 15, 2017

    May 16, 2017

    1 EUR

    70.1332

    70.5539

    1 GBP

    82.8351

    82.7795

    100 YEN

    56.48

    56.52

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

    Ajit Prasad
    Assistant Adviser

    Topics

    ActsIncome Tax