The Reserve Bank of India’s Reference Rate for the US dollar is Rs.59.6420 and the Reference Rate for Euro is Rs.77.9850 on July 11, 2013. The corresponding rates for the previous day (July 10, 2013) were Rs.60.1330 and Rs.76.8915 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 : 2013-2014/74

Reference exchange rate publication: daily dollar and euro rates set benchmark for cross currency conversions and SDR rupee rate. Reserve Bank of India issues daily reference exchange rates for major currencies, listing the US dollar and euro rates for the stated date and the previous day for comparison. Pound sterling and Japanese yen rates are derived from the US dollar reference by applying middle cross currency quotations. The SDR rupee rate is to be based on the published reference rate, indicating the reference rate's use as the benchmark for related conversions.