RBI Reference rate for $ and Euro

RBI Reference rate for $ and Euro

MUMBAI: The Reserve Bank of India (RBI) on Friday fixed the Reference rate for the US currency at Rs 40.36 per dollar and the single European unit at Rs 55.31 per Euro from Rs 40.43 per dollar and Rs 55.26 respectively on Thursday. In a press release issued here by the apex bank, the exchange rates of Great Britain's Pound and Japanese Yen against the Rupee have been given as Rs 82.1871 per pound and Rs 33.87 per 100 yen respectively, based on the Reference rate for US dollar and middle rates of the cross currency quotes at 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.

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