RBI Reference rate for US dollar and Euro | business | Hindustan Times
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RBI Reference rate for US dollar and Euro

business Updated: May 05, 2010 14:05 IST

The Reserve Bank of India on Wednesday fixed the reference rate for the US currency at Rs 44.87 per dollar and the single European unit at Rs 58.27 per euro from Rs 44.56 per dollar and Rs 58.72 per euro, respectively, as on May 4.

In a note issued here by the apex bank, the exchange rate of pound and yen against the rupee have been given as Rs 68.0364 per pound and Rs 47.34 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.