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Ministry of Finance has issued a notification, effective from 17th November 2023, specifying the rate of exchange for conversion between foreign currencies and the Indian rupee. Here are the key exchange rates: Schedule I - Rates per unit of Foreign Currency (For Imported and Exported Goods): Australian Dollar: 55.10 (Imported) / 52.75 (Exported) Bahraini Dinar: 228.15 (Imported) / 214.20 (Exported) Canadian Dollar: 61.75 (Imported) / 59.70 (Exported) Chinese Yuan: 11.65 (Imported) / 11.30 (Exported) Danish Kroner: 12.30 (Imported) / 11.90 (Exported) EURO: 91.75 (Imported) / 88.60 (Exported) Hong Kong Dollar: 10.85 (Imported) / 10.50 (Exported) Kuwaiti Dinar: 278.20 (Imported) / 261.60 (Exported) New Zealand Dollar: 51.15 (Imported) / 48.85 (Exported) Norwegian Kroner: 7.80 (Imported) / 7.55 (Exported) Pound Sterling: 104.80 (Imported) / 101.40 (Exported) Qatari Riyal: 23.55 (Imported) / 22.15 (Exported) Saudi Arabian Riyal: 22.90 (Imported) / 21.50 (Exported) Singapore Dollar: 62.60 (Imported) / 60.55 (Exported) South African Rand: 4.70 (Imported) / 4.40 (Exported) Swedish Kroner: 8.00 (Imported) / 7.75 (Exported) Swiss Franc: 95.50 (Imported) / 91.85 (Exported) Turkish Lira: 3.00 (Imported) / 2.80 (Exported) UAE Dirham: 23.35 (Imported) / 22.00 (Exported) US Dollar: 84.10 (Imported) / 82.35 (Exported) Schedule II - Rates for 100 units of Foreign Currency (per unit of Indian Rupees): Japanese Yen: 55.90 (Imported) / 54.15 (Exported) Korean Won: 6.60 (Imported) / 6.20 (Exported) For further details, kindly refer to the official document.
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