RBI Re­vises Re Ref­er­ence Rate Cal­cu­la­tion Method

The Economic Times - - Companies: Pursuit Of Profit -

The Re­serve Bank of In­dia has re­vised its method­ol­ogy of cal­cu­lat­ing the ru­pee ref­er­ence rate which it pub­lishes on its web­site. The spot dol­lar rate will be com­puted on the ba­sis of weighted av­er­age of vol­ume of ac­tual mar­ket trans­ac­tions that have taken place dur­ing a ran­domly se­lected 15 minute win­dow be­tween 11.30 am and 12.30 pm on all work­ing days.

MUM­BAI

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