New Rates of exchange of foreign currencies against Indian rupees

The Central Board of Indirect Taxes and Customs, Department of Revenue, on 4th August, 2022, has issued a notification declaring the rate of exchange of foreign currencies for purposes relating to import and export of goods, in supersession of an earlier notification dated 21st July, 2022. The notification provides a Schedule containing the exchange rates of following currencies of various foreign countries into Indian rupees, for imported and export goods:

  1. Australian Dollar
  2. Bahraini Dinar
  3. Canadian Dollar
  4. Chinese Yuan
  5. Danish Kroner
  6. EURO
  7. Hong Kong Dollar
  8. Kuwaiti Dinar
  9. New Zealand Dollar
  10. Norwegian Kroner
  11. Pound Sterling
  12. Qatari Riyal
  13. Saudi Arabian Riyal
  14. Singapore Dollar
  15. South African Rand
  16. Swedish Kroner
  17. Swiss Franc
  18. Turkish Lira
  19. UAE Dirham
  20. US Dollar
  21. Japanese Yen
  22. Korean Won

The determined rates shall come into effect from 5th August, 2022.

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