Rmoney » rbi reference rate meaning

• What are the uses of the RBI exchange rate – a brief discussion8 January 2019

  The rupee reference rate published by the Reserve Bank of India has a special place in the economy. This reference rate or the exchange rate is the rate of other currencies against the Indian rupee. The RBI calculates these rates on a daily basis for four currencies in the world. They are the American dollar (USD), the euro (EUR), the British pound (GBP) and the Japanese yen (JPY). The RBI exchange rate is the spot rate and not the future

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