RBI Reference Rate as on 17.04.2017 - 01.30Pm
DAILY USDINR 10 PAISE PROFIT
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040RBI reference exchange rate refers to the benchmark foreign exchange rates for Indian Rupee against major four foreign currencies, published by Reserve Bank of India on a daily basis. The Reserve Bank of India compiles and publishes on a daily basis, reference rates for four major currencies
What is the reference rate?
A reference rate is a rate that determines pay-offs in a financial contract and that is outside the control of the parties to the contract. It is often some form of LIBOR rate, but it can take many forms, such as a consumer price index, a house price index or an unemployment rate.
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