The Reserve Bank of India’s Reference Rate for the US Dollar is `61.6140 on January 21, 2015
The corresponding rate for the previous day (January 20.2015) was `61.8475.
Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below:
1 Euro = 71.3798 The corresponding rate for the previous day (January 20.2015 ) was 71.5699
1GBP=93.4931 The corresponding rate for the previous day (January 20.2015) was 93.2660
100YEN=52.39 The corresponding rate for the previous day (January 20.2015) was 52.23
Note: The SDR-Rupee rate will be based on the reference rate.
As announced on August 7, 2014 the process of computation and dissemination of RBI reference rate has been changed with effect from September 1, 2014
Definition of Optimal Capital Budget: The optimal capital budget for a company is the point…
The marginal cost of capital (MCC) is the total combined cost of debt, equity, and…
The weighted average cost of capital (WACC) is the average rate that a business pays…
The Reserve Bank of India (RBI) defines a personal loan as a type of unsecured…
A share is a unit of ownership in a company and has an exchangeable value…
The cost of debt is the interest rate a company pays on its debt, and…