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

RBI today fixed the Reference rate for the US currency at Rs 49.46 per dollar and the single European unit at Rs 62.96 per euro from Rs 48.79 per dollar and Rs 61.48 per Euro respectively on Nov 12.

business Updated: Nov 14, 2008 14:17 IST

The Reserve Bank of India on Friday fixed the Reference rate for the US currency at Rs 49.46 per dollar and the single European unit at Rs 62.96 per euro from Rs 48.79 per dollar and Rs 61.48 per Euro respectively on November 12.

In a press note issued here by the apex bank, the exchange rates of Great Britain's Pound and Japanese Yen against the Rupee have been given as Rs 73.1785 per pound and Rs 50.87 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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