A small IT company is seeking the RBI reference rate for 31st March 2021 to account for foreign currency invoices. The RBI website now redirects to FBIL (Financial Benchmarks India Ltd.) for these rates. The discussion confirms that FBIL is the correct source for rates after July 2018, and provides a link to the FBIL website to find the required historical exchange rate.
08 April 2021
hi, ours is small IT company. every month we used raise few invoices in foreign currencies. Earlier i used to get forex reference rate fro RBI site and convert the same for Invoice accounting purpose. But now a days, RBI is redirecting to FBIL site and i couldn't get reference rate for 31st March 2021 dated. How to account my 31st March 2021 invoices ? Can any one help me in this regard
08 April 2021
https://www.rbi.org.in/Scripts/BS_DisplayReferenceRate.aspx Since July 10, 2018 Computation and Dissemination has been taken up by FBIL (Financial Benchmarks India Ltd.). You may please click on the link: www.fbil.org.in
For reference rate from FBIL: https://www.fbil.org.in/#/home [click on foreign exchange on the home page]