RBI Reference Rate definition
RBI Reference Rate means the RBI Reference Rate published on the RBI website (https://www.rbi.org.in/home.aspx).
RBI Reference Rate means the rate published by Reserve Bank of India (RBI) on it’s website on working days.
RBI Reference Rate means the exchange reference rate declared by the Reserve Bank of India.
Examples of RBI Reference Rate in a sentence
Exchange Rate for conversion of USD amount into INR shall be the RBI Reference Rate on B/L Date as published by FBIL.
The USD to INR exchange rate as on the date of the Quotation will be considered as the exchange rate notified by the RBI Reference Rate as the exchange rate for that particular day ('SPOT rate').