Rupee rate set at 63.49 against US dollar by RBI

The Reserve Bank of India fixed the reference rate of the rupee at 63.4955 against the US dollar and 69.3941 for the euro on Thursday, an increase from Wednesday's rates of 63.3847 and 69.69851 respectively.

The Reserve Bank of India fixed the reference rate of the rupee at 63.4955 against the US dollar and 69.3941 for the euro on Thursday, an increase from Wednesday's rates of 63.3847 and 69.69851 respectively.

According to an RBI statement, the exchange rates for the sterling and the yen against the rupee were quoted at 99.1736 and 51.28 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee rate will be based on this rate, the statement added.