New Exchange Rates
GOVERNMENT has notified new exchange rates of Canadian Dollar, Euro, Pound Sterling, Swiss Franc and Japanese Yen effective from 13 .06.2013 for export and imported goods. In the past one week, the Central government has come out with the third notification to revise the exchange rates of select currencies and the earlier notifications are & respectively.
Interestingly, in terms of notification the US dollar still remains at Rs.56.85 (for imported goods) and Rs.55.85 (for exported goods) although the Indian Rupee is hovering around Rs.58 for a dollar.
Can we not formulate some other method to adopt the exchange rate for a particular day rather than keeping on issuing notifications day in and day out because there is always a tendency to fumble while adopting the cut and paste technique?
Notification dt. June 12, 2013