RBI issues Reference rate for US dollar, Euro
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The Reserve Bank of India (RBI) on Wednesday fixed the Reference rate for the US currency at Rs 48.74 per dollar and the single European unit at Rs 66.12 per euro from Rs 48.01 per dollar and Rs 65.20 per Euro respectively on Tuesday.
In a press note issued in Mumbai by the apex bank, the exchange rates of Great Britain's Pound and Japanese Yen against the Rupee have been given as Rs 85.1951 per pound and Rs 48.61 per 100 yen respectively, based on the Reference rate for US dollar and middle rates of the cross currency quotes at noon.
The Reference rate is based on 12 noon rates of a few select banks in Mumbai and the SDR-Rupee rate will be based on this rate, the release added.
In a press note issued in Mumbai by the apex bank, the exchange rates of Great Britain's Pound and Japanese Yen against the Rupee have been given as Rs 85.1951 per pound and Rs 48.61 per 100 yen respectively, based on the Reference rate for US dollar and middle rates of the cross currency quotes at noon.
The Reference rate is based on 12 noon rates of a few select banks in Mumbai and the SDR-Rupee rate will be based on this rate, the release added.
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