Exchange Rates for different Foreign Currencies Notified

Ministry of Finance

Exchange Rates for different Foreign Currencies Notified

Posted On: 17 MAY 2018 3:36PM by PIB Delhi

          In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs(CBEC) No. 35/2018-CUSTOMS (N.T.), dated  3rd May, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 18th May, 2018, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

                                                   SCHEDULE-I                      

Sl.No.	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1.	Australian Dollar	52.15	50.40
2.	Bahrain Dinar	185.60	173.70
3.	Canadian Dollar	54.05	52.30
4.	Chinese Yuan	10.85	10. 50
5.	Danish Kroner	10.95	10.55
6.	EURO	81.50	78.85
7.	Hong Kong Dollar	8.75	8.50
8.	Kuwait Dinar	232.15	217.20
9.	New Zealand Dollar	47.90	46.05
10.	Norwegian Kroner	8.55	8.25
11.	Pound Sterling	93.35	90.40
12.	Qatari Riyal	19.25	18.00
13.	Saudi Arabian Riyal	18.70	17.50
14.	Singapore Dollar	51.40	49.85
15.	South African Rand	5.65	5.25
16.	Swedish Kroner	7.95	7.65
17.	Swiss Franc	69.00	66.80
18.	UAE Dirham	19.05	17.85
19.	US Dollar	68.65	66.95

                                                                                                     

 SCHEDULE-II

Sl.No.	Foreign Currency	Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
1.	Japanese Yen	62.55	60.50
2.	Kenyan Shilling	64. 90	60.65