Cryptocurrency Q&A
How does RBI calculate value of foreign currency exchange?
How does RBI calculate value of foreign currency exchange?
benjamin_doe_philosopher
Wed Jan 22 2025
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7
answers
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I want to know how the RBI calculates the value of foreign currency exchange. What are the specific steps and methods they use for this calculation?
7 answers
Claudio
Fri Jan 24 2025
Determining the value of foreign currency exchange involves considering the availability of the RBI reference rate.
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CryptoWanderer
Thu Jan 23 2025
In such cases, an alternative method is used to calculate the value of the supply.
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Giulia
Thu Jan 23 2025
The value of supply is determined as 1% of the Gross Amount (INR) received or supplied in the transaction.
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GwanghwamunGuardianAngelWingsBlessing
Thu Jan 23 2025
When the RBI reference rate is available, it serves as the benchmark for calculating the exchange value.
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BenjaminMoore
Thu Jan 23 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of cryptocurrency traders.
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