The International Financial Services Centres Authority vide notification dated July 5, 2023 has provided clarification to entities remitting the fee to International Financial Services Centres Authority in INR. The RBI reference rate applicable to such payment of fees for the date on which the remittance is being made will be applicable.
The RBI reference rate is available at https://www.rbi.org.in/scripts/ReferenceRateArchive.aspx.
