RBI reference rates for US dollar, euro

Aug 05, 2011 |

mumbai

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The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at Rs 44.8030 and the euro at Rs 63.1110, as against Rs 44.4163 per dollar and Rs 63.5501 per euro on Thursday.

In a press release issued by the RBI, the exchange rates for the pound and yen against the rupee were quoted at Rs 72.8586 per pound and Rs 57.02 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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