Foreign Exchange Rate RBI and Its Impact on Economy

The Reserve Bank of India (RBI) plays a crucial role in determining the foreign exchange rate in India.

The RBI uses various tools to manage the exchange rate, including open market operations, forward market operations, and swap operations.

The RBI's exchange rate policy aims to maintain price stability and promote economic growth.

The exchange rate has a significant impact on the economy, influencing imports, exports, and foreign investment.

A strong exchange rate can make imports cheaper, but it can also make exports more expensive and reduce foreign investment.

The RBI reference rate for the USD is INR 68.6573. This is the rate you'll need to spend if you want to buy 1 USD, and the rate you'll receive if you need to sell 1 USD.

The RBI averages out the bid-ask rate to arrive at this spot rate, which provides stability in the foreign exchange market. The banks that deal in foreign exchange trading use this reference rate and keep a margin of their own based on it.

The Pound Sterling has been a widely traded currency for a long time, with data available from September 1998.

On January 14, 2025, the Foreign Exchange Rate: RBI: Reference Rate: Pound Sterling was reported at 105.651 GBP/INR. This is an increase from the previous day's rate of 105.047 GBP/INR.

The Reserve Bank of India reports the data daily, with a median average of 93.549 GBP/INR from September 1998 to January 14, 2025.

The data has reached an all-time high of 112.160 GBP/INR on September 30, 2024, and a record low of 65.647 GBP/INR on May 17, 2010.

The data is categorized under High Frequency Database’s Foreign Exchange Rates – Table IN.MC001: Foreign Exchange Rate: Reserve Bank of India, and is currently active.

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Understanding exchange rates can be a bit tricky, but let's break it down. The RBI reference rate for the USD is INR 68.6573, which means to buy 1 USD, you'll need to spend this amount.

The RBI averages out the bid-ask rate to arrive at the spot rate. This spot rate is the official standard rate of a currency, and it's used in foreign exchange transactions.

The RBI publishes the foreign currency reference rate to provide stability in the foreign exchange market. The exchange rate between a pair of currency keeps fluctuating and changing on a real-time basis during trading hours.

The RBI reference rate is used by banks dealing in foreign exchange trading, and they keep a margin of their own based on this rate. This helps to determine a uniform rate for the Indian Rupee.

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The RBI Reference Rate is the final settlement price for Exchange Traded Currency Derivatives on the NSE and the MCXSX. It's used to calculate the Notional Value of options and the premium for cross currency contracts payable in Indian Rupees.

The RBI Reference Rate is published daily by the Reserve Bank of India on its website and is also available on the Rmoney website. You can find the latest RBI exchange rates information, including the USD to INR exchange rate, JPY to INR exchange rate, EUR to INR exchange rate, and GBP to INR currency future exchange rate.

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The RBI Reference Rate is used as the basis for all foreign exchange activities of the Government of India, and it's also used to revalue assets and liabilities throughout the year. The RBI holds foreign currency, rupee bonds, derivative contracts, and other instruments that require an exchange rate for valuation purposes.

The Euro is a widely traded currency in India's currency market, and its exchange rate with the Indian rupee has been fluctuating over the years.

As of January 14, 2025, the Euro's reference rate was reported at 88.695 EUR/INR by the Reserve Bank of India. This is an increase from the previous day's rate of 88.356 EUR/INR.

The Euro's exchange rate data is updated daily, averaging 78.645 EUR/INR from January 1999 to January 14, 2025. This data is reported by the Reserve Bank of India and is categorized under High Frequency Database's Foreign Exchange Rates – Table IN.MC001: Foreign Exchange Rate: Reserve Bank of India.

The Euro's exchange rate has reached an all-time high of 93.769 EUR/INR on August 26, 2024, and a record low of 56.070 EUR/INR on May 19, 2010.

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The Reserve Bank of India (RBI) plays a crucial role in determining the exchange rate of the Indian rupee (INR) against the US dollar (USD). The RBI Reference rate is the final settlement price for the Exchange Traded Currency Derivatives on the NSE and the MCXSX.

The RBI Reference rate is used as the basis for all foreign exchange activities of the Government of India. This includes the receipt and payment of funds, and the RBI undertakes all the foreign exchange activities of the government based on this rate.

The RBI publishes the reference rates on its website daily, making it easily accessible to the public. You can also find the latest RBI exchange rates information on the Rmoney website.

Many companies determine their International Transfer Pricing Rate on the basis of the RBI exchange rate. This is important for international transactions, as it ensures that the profit is booked at the right prices and the due taxes have been paid to the concerned authorities.

The RBI Reference rate is also used to calculate the Notional Value of options, which is the exact amount that the investor has contracted in buying the position.

The USD/INR pair has a positive outlook, with the Indian Rupee trading flat on the day. The USD/INR pair keeps the bullish vibe above the descending trend line and the key 100-day Exponential Moving Average (EMA) on the daily timeframe.

Here are the key resistance levels for USD/INR:

The resistance-turned-support level at 83.90 acts as an initial support level for USD/INR. Extended losses could expose the 100-day EMA at 83.67. Any follow-through selling could see a drop to 83.00, representing the round mark and the low of May 24.

India's Dollar Usage is an essential aspect of the country's economy. The RBI Reference rate plays a crucial role in determining the value of the Indian rupee against the US dollar.

The RBI Reference rate is reported daily, averaging 66.840 USD/INR from April 1995 to 14 Jan 2025. This rate has seen a significant increase, reaching an all-time high of 86.550 USD/INR on 14 Jan 2025.

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The RBI Reference rate is used for all foreign exchange transactions undertaken by the Government of India, including import and export-related activities. These transactions are essential for the country's economy.

The Reserve Bank of India reports the RBI Reference rate, which is categorized under High Frequency Database's Foreign Exchange Rates – Table IN.MC001: Foreign Exchange Rate: Reserve Bank of India.

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The Indian Rupee and USD have a significant impact on India's economy. The RBI Reference rate for the USD is used to determine the exchange rate of the INR vis-à-vis the SDR.

India's quota in the IMF SDR facility is SDR 3.3 billion as of 2017. This quota represents the country's position in the global economy and is used by the IMF to operate.

The RBI kept the CPI Inflation estimate for FY25 unchanged at 4.5%, while maintaining the Gross Domestic Product (GDP) growth estimates for FY25 at 7.2%. This indicates a steady growth story for India.

A rise in oil prices coinciding with dollar strength has increased inflation risks in India and put pressure on the rupee. The RBI has had to undertake significant FX intervention in recent days to mitigate this effect.

India's foreign exchange reserves rose to a record-breaking $704.89 billion as of September 27, marking an increase of $12.5 billion. This is a significant boost to the country's economic stability.

Here is a summary of the key facts about the Indian Rupee and USD:

The Indian Central Bank plays a crucial role in determining the country's foreign exchange rate. The Reserve Bank of India (RBI) uses the dollar exchange rate to determine the Special Drawing Rights (SDR) of the International Monetary Fund (IMF).

India's quota in the IMF SDR facility is SDR 3.3 billion as of 2017. The RBI Reference rate for the USD/INR is used to determine the exchange rate of the Indian Rupee vis-à-vis the SDR. The RBI Reference rate is updated daily and is based on the foreign exchange market.

The RBI Reference rate has several applications, including foreign exchange transactions undertaken by the Government of India, and is also used as the final settlement price for Exchange Traded Currency Derivatives on the NSE and the MCXSX.

The RBI Reference Rate is a crucial tool for the Indian Central Bank. It's used for all foreign exchange transactions undertaken by the Government of India, excluding financial aids.

These transactions include import and export-related activities, which are a significant part of India's economy. The RBI Reference Rate is also used for disbursing or receiving loans from another country.

Buying and selling cross-border bonds is another important application of the RBI Reference Rate. It helps maintain stability in the currency markets and promotes economic growth.

The Reserve Bank of India, or RBI, plays a vital role in the country's financial transactions. The RBI Reference rate is the core basis for all foreign exchange activities of the Government of India.

The RBI maintains all government foreign exchange accounts and undertakes receipt and payment of funds based on the RBI exchange rate. This rate is the foundation for all foreign exchange transactions undertaken by the Government of India, including import and export-related activities.

The RBI holds foreign currency, rupee bonds, derivative contracts, and other instruments that require periodic revaluation. This process involves calculating mark-to-market gains or losses, which is based on the RBI Reference rate.

The RBI's role as the banker to the Government of India is a significant one, and the RBI Reference rate is a critical component of this relationship.

The Indian Central Bank, also known as the Reserve Bank of India (RBI), plays a crucial role in the country's economy. The RBI's quota in the IMF SDR facility is SDR 3.3 billion as of 2017, which is used to determine the dollar exchange rate for India.

The RBI sets the exchange rate of the INR vis-à-vis the SDR based on the RBI Reference rate for the USD. This rate is updated daily and can be found on the RBI's website.

The RBI's Reference rate has many applications, including in the currency markets, corporate sector, and global economy. All foreign exchange transactions undertaken by the Government of India, apart from financial aids, happen through the foreign exchange markets.

The RBI's exchange rate is the base for the currency derivatives market, where the final settlement price for Exchange Traded Currency Derivatives on the NSE and the MCXSX is determined. The notional value of options is also calculated based on the RBI Reference rate for USD/INR.

India's foreign exchange reserves rose to a record-breaking $704.89 billion as of September 27, marking an increase of $12.5 billion. This is a significant development for the country's economy.

Here are some key facts about the RBI's exchange rate:

The RBI's exchange rate is an important indicator of the country's economic health.