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Wednesday November 25, 04:03 PM
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Source: Financial Express
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RBI fixes Reference rate for US dollar and Euro
The Reserve Bank of India on Wednesday fixed the Reference rate for the US currency at Rs 46.34 per dollar and the single European unit at Rs 69.50 per euro from Rs 46.60 per dollar and Rs 69.57 per euro respectively on Tuesday.
In a note 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 77.0449 per pound and Rs 52.45 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.
