Banks to use conversion rate announced by ‘Financial Benchmarks India’ for reporting in return

The Reserve Bank of India (RBI) has advised that Banks shall use the conversion rate announce by Financial Benchmarks India Private Limited for the purpose of converting foreign assets and liabilities for reporting in Form ‘A’ return and Form VIII return.

from taxmann.com News https://www.taxmann.com/topstories/222330000000016232/banks-to-use-conversion-rate-announced-by-‘financial-benchmarks-india’-for-reporting-in-return.aspx