Rupee Gains 40 paise against Dollar to Rs. 64.50 w.e.f. 5 January 2018

[Notification No.1 /2018 - Customs ( N.T.) dated 4 January 2018]

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 No.118/2017-CUSTOMS (N.T.), dated 21st  December, 2017 except as respects things done or omitted to be done before such supersession, the Central Board of Excise 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 5th  January, 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

50.80

48.85

2.

Bahrain Dinar

174.55

163.25

3.

Canadian Dollar

51.60

49.95

4.

Chinese Yuan

9. 95

9. 60

5.

Danish Kroner

10.50

10.05

6.

EURO

77.70

75.05

7.

Hong Kong Dollar

8.25

8.00

8.

Kuwait Dinar

218.45

204.15

9.

New Zealand Dollar

45.95

44.30

10.

Norwegian Kroner

8.00

7.70

11.

Pound Sterling

87.55

84.65

12.

Qatari Riyal

18.00

17.00

13.

Saudi Arabian Riyal

17.55

16.40

14.

Singapore Dollar

48.55

47.05

15.

South African Rand

5.30

4.95

16.

Swedish Kroner

7.95

7.65

17.

Swiss Franc

66.15

63.95

18.

UAE Dirham

17.90

16.75

19.

US Dollar

64.50

62.80

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

57.45

55.50

2.

Kenya Shilling

64. 90

60.65

[F.No. 468/01/2018-Cus.V]