Important Regulatory Note According to Rule 115 of the Income-tax Rules, 1962, foreign income and assets must be reported using the Telegraphic Transfer (TT) buying rate of the State Bank of India (SBI) for conversion into Indian Rupees. This prescribed rate is the official exchange rate for all income tax reporting related to foreign currency transactions.
Data Archive Notice The SBI publishes these rates online for any given day. However, it does not maintain a historical archive of the rates. This website aims to independently maintain a historical archive of the official forex rates published daily by the SBI, from 1st January 2022 onwards but provides no guarantees regarding the accuracy or completeness of the data.
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