RBI fixes Reference rate for US dollar and Euro

The RBI fixes the Reference rate for US currency at Rs 46.44 per dollar and the European unit at Rs 59.68 per Euro.

Reserve Bank of India (RBI) on Monday fixed the Reference rate for the US currency at Rs 46.44 per dollar and the single European unit at Rs 59.68 per Euro from Rs 46.53 and Rs 59.61 respectively on September 1.

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In a press release issued here by the apex bank, the exchange rates of Great Britain Pound and Japanese Yen against the Rupee have been given as Rs 88.5263 per pound and Rs 39.87 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.