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RBI reference rates for US dollar and euro

The Reserve Bank of India today fixed the reference rate for the US dollar at Rs 44.25 per dollar and the Euro at Rs 60.96 per euro, as against Rs 44.39 per dollar and Rs 61.11 per euro, respectively, on Wednesday.

business Updated: Nov 11, 2010 13:10 IST

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at Rs 44.25 per dollar and the Euro at Rs 60.96 per euro, as against Rs 44.39 per dollar and Rs 61.11 per euro, respectively, on Wednesday.

In a press release issued by the RBI, the exchange rate of the pound and yen against the rupee were quoted at Rs 71.4372 per pound and Rs 53.81 per 100 yen, respectively, based on the reference rate of 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.