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.source https://economictimes.indiatimes.com/industry/banking/finance/banking/cbic-may-soon-introduce-automated-system-of-publishing-daily-exchange-rates-for-22-currencies/articleshow/99540307.cms
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