The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 60.0745 and the Reference Rate for Euro is Rs. 77.4330 on July 09, 2013. The corresponding rates for the previous day (July 08, 2013) were Rs. 61.0455 and Rs. 78.2746 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 : 2013-2014/58

Reference rate publication sets official exchange benchmarks and directs derived cross-currency and SDR-Rupee computation for markets. The Reserve Bank publishes official Reference Rates for the US dollar and the Euro as central exchange benchmarks, provides prior-day comparisons, and derives other currency rates (e.g., GBP, JPY) from the US dollar reference using middle cross-currency quotations; the SDR Rupee rate is declared to be based on the Reference Rate and the information is issued by the Bank in an official press release.