The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 59.7000 and the Reference Rate for Euro is Rs. 79.1871 on June 20, 2013. The corresponding rates for the previous day (June 19, 2013) were Rs. 58.7445 and Rs. 78.6996 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad

Assistant General Manager

Press Release : 2012-2013/2139

Exchange reference rates: Publication of US dollar and euro benchmarks updates cross currency rupee conversions and SDR linkage. The Reserve Bank announced Reference Rates for the US dollar and euro on June 20, 2013, showing day on day movement and providing benchmark values. Using the US dollar reference rate and cross currency middle rates, it published corresponding rupee rates for the pound sterling and Japanese yen, and stated that the SDR rupee rate will be based on the reference rate.