The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 60.1005 and the Reference Rate for Euro is Rs. 77.9505 on July 03, 2013. The corresponding rates for the previous day (July 02, 2013) were Rs. 59.4145 and Rs. 77.6085 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.

Sucheta Vazkar
Manager

Press Release : 2013-2014/19

 

Reference exchange rate announcement sets rupee benchmarks and provides cross currency derived rates for market reference. The Reserve Bank of India publishes rupee reference rates for the US dollar and the euro, provides the prior day's corresponding rates to show movement, and, using the dollar reference rate with cross currency middle rates, supplies derived rupee exchange rates for other currencies; the SDR Rupee rate is stated to be based on the published reference rate.