RBI Reference rate for US dollar and euro

RBI has fixed the Reference rate for the US currency at Rs 44.1200 per dollar and the single European unit at Rs 54.3800 per euro.

Reserve Bank of India (RBI) on Thursday fixed the Reference rate for the US currency at Rs 44.1200 per dollar and the single European unit at Rs 54.3800 per euro up from Rs 44.0400 and Rs 53.8000 respectively on Wednesday.

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In a press release issued by the Apex Bank, the exchange rates of Great Britain Pound and Japanese Yen against the rupee have been given as Rs 79.5312 per pound and Rs 39.81 per 100 yen respectively, based on the reference rate for US dollar and middle rates of the cross currency quotes at 12 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.