The Reserve Bank of India’s Reference Rate for the US dollar is Rs.59.3925 and the Reference Rate for Euro is Rs.77.7250 on July 16, 2013. The corresponding rates for the previous day (July 15, 2013) were Rs.60.0510 and Rs.78.4705 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 : 2013-2014/103

Reference Rate sets rupee exchange benchmarks and enables cross currency derivation and SDR Rupee conversion. The Reserve Bank of India published official Reference Rates for the rupee against the US dollar and the euro on July 16, 2013, compared with the previous day's rates, and derived GBP and JPY rupee rates from the US dollar reference using middle cross currency quotes; the SDR Rupee rate is to be based on the published reference rate.