Why Librarians Accept GOC Rates

[Ganta Srinivasa Rao]

As per the ministry of Finance, Govt of India, OM 23(7)-EII (A)/83 dated 7^th Feb 1984,

(GFR 116(2) (1) (1979)), clearly mentioned in s.no 7 as The Good Offices Committee (GOC) rates should not be used for exchange rates as it is not a fully represented body now. Proof of RBI/Nationalized bank exchange selling rates having prices in foreign currencies on the date of invoice for (a) books and Other monographs, and (b) actual date for remittance to the publishers in case of journal subscriptions.

Still why our Librarians are accepting GOC rates( which having only publishers monopoly) for procurement of foreign books and journals.

[Mrs. Jaiswal]

ya.. this is valuable information for all professionals. our library is not accepted GOC rate... I'm already switch to RBI proofs.

[Apurba Jyoti Majumder]

thanks for the info.

we are still using GOC

[Savita Rana]

thanks for information

we are using RBI rates .

[Ayan Mondal]

Hello Ms. Savita Rana,

Can you provide the RBI rates. or send the link.

Thanks

Regards

Ayan

[Ganta Srinivasa Rao]

http://www.rbi.org.in/scripts/referenceratearchive.aspx

[Ayan Mondal]

Many thanks for your reply Sir.

 But here its mentioned only five currency.

If I will buy from Australian Publication, then What Should I followed?

Regards,

-- Ayan.

[Ganta Srinivasa Rao]

You can find it in daily newspapers specially business and economic news papers and websites related to banks and forex market. or Just type "Australian dollar rate today in India" in google search page,  you can find number of sites which gives you exchange rates of that day.