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FEDAI
was set up in 1958 as an Association of banks dealing in foreign exchange in India
(typically called Authorised Dealers ADs) as a self regulatory body
and is incorporated under Section 25 of The Companies Act, 1956. It's
major activities include framing of rules governing the conduct of
inter-bank foreign exchange business among banks vis-à-vis public and
liaison with RBI for reforms and development of forex market.
more...
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| FEDAI Fixing Rates |
| USD / INR |
EUR / INR |
| 54.3475/3575 |
69.2375/2725 |
| JPY / INR |
GBP / INR |
| 67.6550/6850 |
86.4625/5000 |
| Indicative Rates |
| USD |
EUR |
| 52.5150/5250 |
69.6025/6275 |
| JPY |
GBP |
| 65.5200/5575 |
85.4850/5200 |
| For Calculation of Net Open Position |
| USD/INR Spot Rate .. USD 1 = Rs. 54.4750 |
| VaR Rates for USD 1 Mio. |
| 1 Month |
2.39 |
| 3 Months |
2.29 |
| 6 Months |
2.83 |
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