CBIC may soon introduce automated system of publishing daily exchange rates for 22 currencies

Currently, Central Board of Indirect Taxes and Customs (CBIC) manually notifies exchange rates of 22 currencies every fortnight -- 1st and 3rd Thursday of a month -- based of rates obtained from the State Bank of India (SBI). The rate notified comes into effect from midnight of the following day.

from Banking/Finance-Industry-Economic Times https://ift.tt/0NZHngL