The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 60.3395 and the Reference Rate for Euro is Rs. 77.8085 on July 05, 2013. The corresponding rates for the previous day (July 04, 2013) were Rs. 60.0905 and Rs. 78.0787 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 : 2013-2014/39

Reference exchange rates updated for major currencies, informing cross currency derivations and SDR rupee computation. Reserve Bank of India published daily reference rates for the US dollar and the euro, compared them with the prior day, and stated that the US dollar reference rate together with cross currency middle rates is used to derive exchange rates for other currencies. The release provides derived rupee rates for the pound sterling and the Japanese yen and specifies that the SDR rupee rate will be based on the published reference rate.