RBI reference rates for US dollar, euro

Jun 16, 2011 |

mumbai

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Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at Rs 44.90 and the euro at Rs 63.39, as against Rs 44.68 per dollar and Rs 64.29 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 Rs 72.5449 per pound and Rs 55.56 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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