- Guides and moderates USD exchange rates
- Sets daily reference rates
- Controls everything related to banks in Inda
Reserve Bank of India (RBI) plays a key role in monitoring and controlling foreign exchange transactions. Apart from performing due diligence of every foreign transaction, it also takes steps to control value of India Rupee.
By participating in the Foreign Exchange trades, every day Reserve Bank of India sets reference price of India Rupees against US Dollars.
Today's reference exchange rate of Indian Rupees for an US Dollar along with history of past few weeks reference rates are shown below.
To transfer money to India, Reserve Bank Of India charges the following fee
Information not available
Following payment options are available for Senders to initiate money transfers