The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 59.2970 and the Reference Rate for Euro is Rs. 78.7129 on July 29, 2013. The corresponding rates for the previous day (July 26, 2013) were Rs. 58.9133 and Rs. 78.2180 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: 2013-2014/195

Reference exchange rates: RBI published updated US dollar and euro reference rates, informing derived GBP and JPY quotations. The Reserve Bank published reference exchange rates for the US dollar and the euro on July 29, 2013, noting the immediately preceding day's rates. Using the dollar reference rate and middle cross currency quotes, the announcement provides derived rupee rates for the pound sterling and the yen. It also states that the SDR-rupee rate will be based on the published reference rate framework and issues the information as an official press release for market and calculation use.