Customs - New Exchange Rates from 16 th May
CBEC has notified new exchange rates for Imported Goods and for Export Goods with effect from 16 th May 2014.The US Dollar is 60.10 rupees for imports and 59.10 rupees for exports.
The popular perception is that the rupee would dramatically surge with a stable government at the helm.
Standard & Poor's Ratings Services expects the new government's reform initiatives in economic and fiscal policies in the next two to three months to have significant implications on the sovereign credit rating on India.
The Exchange rates were last notified on 1st May, 2014.
Notification No., Dated: May 15, 2014