RBI reference rates for US dollar and euro

Mar 23, 2011 |

mumbai

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The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at Rs 44.96 per dollar and the euro at Rs 63.68 per euro, as against Rs 44.97 per dollar and Rs 63.98 per euro on Tuesday.

In a press release issued by the RBI, the exchange rates for the pound and yen against the rupee were quoted at Rs 73.5658 per pound and Rs 55.60 per 100 yen, based on the 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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