diff --git a/buying/doctype/purchase_common/purchase_common.js b/buying/doctype/purchase_common/purchase_common.js
index 4b88425bdff..9fe3edcf8d3 100644
--- a/buying/doctype/purchase_common/purchase_common.js
+++ b/buying/doctype/purchase_common/purchase_common.js
@@ -74,8 +74,15 @@ erpnext.buying.BuyingController = erpnext.utils.Controller.extend({
 					use_for: "buying"
 				}},
 				callback: function(r) {
-					if(!r.exc && r.message.price_list_currency) {
-						me.price_list_currency();
+					if(!r.exc) {
+						// for now, setting it as 1.0
+						if(me.frm.doc.price_list_currency === me.get_company_currency())
+							me.frm.set_value("plc_conversion_rate", 1.0);
+						else if(me.frm.doc.price_list_currency === me.frm.doc.currency)
+							me.frm.set_value("plc_conversion_rate", me.frm.doc.conversion_rate);
+						
+						if(r.message.price_list_currency)
+							me.price_list_currency();
 					}
 				}
 			});
diff --git a/buying/utils.py b/buying/utils.py
index b299c5ecace..d623020987f 100644
--- a/buying/utils.py
+++ b/buying/utils.py
@@ -80,7 +80,8 @@ def get_item_details(args):
 	out.purchase_ref_rate = out.discount_rate = out.purchase_rate = \
 		out.import_ref_rate = out.import_rate = 0.0
 	
-	if args.doctype in ["Purchase Order", "Purchase Invoice", "Purchase Receipt"]:
+	if args.doctype in ["Purchase Order", "Purchase Invoice", "Purchase Receipt", 
+			"Supplier Quotation"]:
 		# try fetching from price list
 		if args.price_list_name and args.price_list_currency:
 			rates_as_per_price_list = get_rates_as_per_price_list(args, item_wrapper.doclist)
@@ -100,7 +101,8 @@ def get_rates_as_per_price_list(args, item_doclist=None):
 		item_doclist = webnotes.model_wrapper("Item", args.item_code).doclist
 	
 	result = item_doclist.get({"parentfield": "ref_rate_details", 
-		"price_list_name": args.price_list_name, "ref_currency": args.price_list_currency})
+		"price_list_name": args.price_list_name, "ref_currency": args.price_list_currency,
+		"buying": 1})
 		
 	if result:
 		purchase_ref_rate = flt(result[0].ref_rate) * flt(args.plc_conversion_rate)