CBIC releases new rates of exchange for conversion of foreign currencies into Indian currency

the Central Board of Indirect Taxes and Customs vide notification dated 2nd December, 2021 has determined that the rates of exchange of conversion of following foreign currencies into Indian currency or vice versa.:

1. Australian Dollar
2. Bahraini Dinar
3. Canadian Dollar
4. Chinese Yuan
5. Danish Kroner
6. EURO
7. Hong Kong Dollar
8. Kuwaiti Dinar
9. New Zealand Dollar
10. Norwegian Kroner
11. Pound Sterling
12. Qatari Riyal
13. Saudi Arabian Riyal
14. Singapore Dollar
15. South African Rand
16. Swedish Kroner
17. Swiss Franc
18. Turkish Lira
19. UAE Dirham
20. US Dollar
21. Japanese Yen
22. Korean Won

The new rates shall be in force with effect from 3rd December, 2021.