RBI reference rates for US dollar, euro

Jun 30, 2011 |

mumbai

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The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 44.72 and the euro at 64.79, as against 44.94 per dollar and 64.60 per euro on Wednesday.

In a press release issued by the RBI, the exchange rates for the pound and yen against the rupee were quoted at 71.9567 per pound and 55.59 per 100 yen, based on reference rates for the US dollar and cross-currency quotes at noon.

The reference rate is based on the noon rates of select banks in Mumbai and the SDR-Rupee rate would be based on this rate, the release added.

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