|
Rates for Currencies/Traveler Cheques: |
| Currency |
Purchase Rate (INR) |
Sell Rate (INR) |
Last Updated |
| U S Dollar |
38.95 |
42.75 |
16-May-2007, 12:30:19 AM |
| Sterling Pound |
77.50 |
84.35 |
16-May-2007, 12:30:50 AM |
| Euro |
52.65 |
57.75 |
16-May-2007, 12:31:16 AM |
| Australian Dollar |
32.80 |
35.20 |
16-May-2007, 12:32:01 AM |
| Singapore Dollar |
24.95 |
28.80 |
16-May-2007, 12:32:19 AM |
| Hongkong Dollar |
4.85 |
5.60 |
16-May-2007, 12:32:33 AM |
| japanese yen/100 |
32.15 |
34.90 |
16-May-2007, 12:32:58 AM |
| Malaysian Ringgit |
10.95 |
13.00 |
16-May-2007, 12:33:20 AM |
| New Zealand Dollar |
28.10 |
31.75 |
16-May-2007, 12:33:49 AM |
| Swiss Francs |
31.90 |
35.30 |
16-May-2007, 12:34:29 AM |
| Thai Bhat/100 |
109.90 |
126.55 |
16-May-2007, 12:34:57 AM |
| UAE Dirham |
10.55 |
11.65 |
16-May-2007, 12:35:20 AM |
| Saudi Rial |
10.30 |
11.40 |
16-May-2007, 12:35:40 AM |
| Kuwait Dinar |
129.00 |
146.80 |
16-May-2007, 12:36:18 AM |
|
*Prices are indicative.
Private Visit or Basic Travel Quota (BTQ)
Under this scheme, all resident Indians can purchase foreign
exchange up to US$ 10,000/- or its equivalent in any other
foreign currency in one calendar year - 1st January till 31st
December for undertaking one or more private/leisure trips to
any foreign country except Bhutan & Nepal. However, per trip,
not more than US$ 2000 or its equivalent can be released in
currency & rest of the amount has to be in travelers cheques
except as detailed below:
-
Travelers proceeding to Iraq and Libya can draw foreign
exchange in the form of foreign currency notes and coins not
exceeding US$ 5000 or its equivalent.
-
Travelers proceeding to the Islamic Republic of Iran,
Russian Federation and other Republics of Commonwealth of
Independent States can draw entire foreign exchange released
in form of foreign currency notes or coin.
Foreign nationals permanently
resident in India can also avail BTQ provided they are not
remitting their salary or savings abroad.
Foreign exchange should not be taken earlier than sixty days
from the date of journey. A valid passport, valid visa and
confirmed tickets are essential for releasing foreign exchange.
In case of countries where the visa is on arrival than only a
confirmed ticket is needed. Endorsement on the passport for the
foreign exchange availed is at the discretion of the traveller
only.
Business visits: terms
– liberalized exchange rate management system – the sponsoring
firm/company/organization applicant in case of self employed
professionals should give an application on their business
letter head for release of foreign exchange. Up to US$ 25,000/-
can be released for one trip. However, per trip, not more than
US$ 2000 or its equivalent can be released in currency & rest of
the amount has to be in travelers cheques except as detailed
below:
-
Travellers proceeding to Iraq
and Libya can draw foreign exchange in the form of foreign
currency notes and coins not exceeding us$ 5000 or its
equivalent.
-
Travellers proceeding to the
Islamic republic of Iran, Russian federation and other
republics of commonwealth of independent states can draw
entire foreign exchange released in form of foreign currency
notes or coin.
Unspent Forex
/ Surrender
In case
foreign exchange drawn for purpose is not used for the same
purpose or for any other purpose under which the forex can be
drawn then the same has to be surrendered within 60 days.
An Indian resident can retain
up to US$ 2000/- for all times to come and anything in excess of
that amount has to be surrendered within 90 days after arrival
in case of foreign currency & 180 days after arrival in case of
travelers cheques. |
