Markets · Reference
RBI Forex Reference Rates
RBI publishes official reference rates for USD, EUR, GBP and JPY once each business day around 1:30 PM IST. For customs/TDS/transfer-pricing purposes always use the RBI-published figure, not a live market rate.
RBI — Reference Rate Archive
Official daily USD/EUR/GBP/JPY reference rates
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Reserve Bank of India — rbi.org.in
Circulars, master directions, FEMA notifications
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Quick converter market rate, not RBI reference
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Typical uses of the RBI reference rate
| Customs valuation of imports/exports | Notified customs exchange rate (CBIC, updated fortnightly, based on RBI rate) |
| Form 15CA/15CB, TDS on foreign remittance | SBI TT buying rate on date of deduction, per Rule 26 |
| Transfer pricing / related-party invoicing | RBI reference rate on transaction date, per client policy |
Note. The converter above uses live market mid-rates for quick reference and estimation — it is not the RBI reference rate and shouldn't be used for filings. For statutory purposes, always pull the specific day's rate from the RBI archive link above.
