The Central Board of Excise and Customs of India determined new exchange rates of 17 foreign currencies relating to imported and exported goods effective June 6, 2014. Schedule I lists exchange rates of common foreign currencies like the Australian Dollar, Euro, British Pound, and US Dollar equivalent to the Indian Rupee. Schedule II lists exchange rates of the Japanese Yen and Kenyan Shilling in units of 100 of the foreign currency equivalent to Indian Rupees. The new exchange rates supersede previous rates notified on May 15, 2014.
India Currency Rupee Exchange Rate for Foreign Trade
1. Source: http://pib.nic.in/newsite/erelease.aspx
Exchange Rate of Foreign Currency Relating to Imported and
Export Goods Notified
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in
super session of the notification of the Government of India in the Ministry of Finance
(Department of Revenue) No.41/2014-CUSTOMS (N.T.), dated the 15th
May, 2014 vide number
S.O.1292 (E), dated the 15th
May, 2014, except as respects things done or omitted to be done
before such supersession, the Central Board of Excise and Customs (CBEC) hereby determines that
the rate of exchange of conversion of each of the foreign currency specified in column (2) of each
of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect
from 6th
June, 2014 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
S. No. Foreign Currency
Rate of exchange of one unit of foreign currency
equivalent to Indian rupees
(For Imported Goods) (For Export Goods)
1 Australian Dollar 55.80 54.45
2 Bahrain Dinar 162.00 153.05
3 Canadian Dollar 54.90 53.50
4 Danish Kroner 11.00 10.65
5 EURO 81.70 79.75
6 Hong Kong Dollar 7.75 7.60
7 Kuwait Dinar 216.70 204.45
8 New Zealand Dollar 50.75 49.45
9 Norwegian Kroner 10.05 9.75
10 Pound Sterling 100.55 98.30
11 Singapore Dollar 47.80 46.60
12 South African Rand 5.70 5.35
13 Saudi Arabian Riyal 16.30 15.40
14 Swedish Kroner 9.05 8.80
15 Swiss Franc 67.05 65.20
16 UAE Dirham 16.65 15.70
17 US Dollar 59.85 58.85
SCHEDULE-II
S. No. Foreign Currency
Rate of exchange of 100 units of foreign
currency equivalent to Indian rupees
(For Imported Goods) (For Export Goods)
1 Japanese Yen 58.6 57.15
2 Kenya Shilling 69.85 65.9