RBI reference rates for US dollar, euro

The Reserve Bank on Tuesday fixed the reference rate of the rupee for the US dollar at 55.5405 and the euro at 68.7185 as against 55.7023 per dollar and 68.8510 per euro on last Friday. In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 87.3930 a pound and 70.05 per 100 yen, based on reference rates for the US dollar and cross-currency quotes at noon.
The reference rate is based on the noon rates of select banks here and the SDR-rupee rate would be based on this rate, the release added.


Keywords: Reserve Bank . US dollar .euro . RBI. pound .yen . rupee .cross-currency quotes.SDR-rupee rate,business news