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Exchange Rates Notification No.85/2018-Custom(NT) dated 4.10.2018

Circular No.ES/238/ 2018-19                                                                         5th October, 2018

To: Members of the Council

Sub: -Exchange Rates Notification No.85/2018-Custom(NT) dated 4.10.2018

Dear Member,

This is to inform that CBIC has issued Notification No. 85/2018- Customs (N.T.) dated 4th October, 2018 determining that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa specified in Schedule I and Schedule II (given below).

These rates shall be effective from 5th October, 2018, These rates are related to import and export of 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

53.70

51.40

2.

Bahrain Dinar

202.05

189.45

3.

Canadian Dollar

58.40

56.40

4.

Chinese Yuan

10.90

10.55

5.

Danish Kroner

11.55

11.15

6.

EURO

86.15

83.10

7.

Hong Kong Dollar

9.60

9.25

8.

Kuwait Dinar

250.80

235.00

9.

New Zealand Dollar

49.25

47.00

10.

Norwegian Kroner

9.10

8.80

11.

Pound Sterling

97.00

93.65

12.

Qatari Riyal

20.90

19.60

13.

Saudi Arabian Riyal

20.30

19.05

14.

Singapore Dollar

54.35

52.55

15.

South African Rand

5.20

4.85

16.

Swedish Kroner

8.30

8.00

17.

Swiss Franc

75.75

72.90

18.

UAE Dirham

20.75

19.45

19.

US Dollar

74.60

72.90

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

65.70

63.35

Members may kindly make a note of the above.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

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