RBI reference rates for US dollar, euro

Jul 11, 2011 |

mumbai

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The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at Rs 44.3705 and the euro at Rs 62.9578, as against Rs 44.3263 per dollar and Rs 63.6456 per euro on last Friday.

In a press release issued by the RBI, the exchange rates for the pound and yen against the rupee were quoted at Rs 70.8375 per pound and Rs 54.93 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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