Rupee Falls 80 paise against Dollar to Rs. 67.50 w.e.f. 4 May 2018

[Notification No.35/2018 - Customs (N.T.) dated 3 May 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.33/2018-CUSTOMS (N.T.), dated 19th April, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes 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 4th May, 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)

(a)

 

 

(For Imported Goods)

(For Export Goods)

1.

Australian Dollar

51.10

49.35

2.

Bahrain Dinar

182.60

171.05

3.

Canadian Dollar

52.70

51.10

4.

Chinese Yuan

10.65

10. 30

5.

Danish Kroner

10.95

10.50

6.

EURO

81.15

78.45

7.

Hong Kong Dollar

8.60

8.35

8.

Kuwait Dinar

228.70

213.85

9.

New Zealand Dollar

47.55

45.90

10.

Norwegian Kroner

8.35

8.05

11.

Pound Sterling

92.10

89.15

12.

Qatari Riyal

18.85

17.85

13.

Saudi Arabian Riyal

18.35

17.20

14.

Singapore Dollar

50.75

49.20

15.

South African Rand

5.45

5.10

16.

Swedish Kroner

7.60

7.35

17.

Swiss Franc

68.00

65.65

18.

UAE Dirham

18.75

17.55

19.

US Dollar

67.50

65.80

 

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

61.80

59.75

2.

Kenyan Shilling

64.90

60.65

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