The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.1150 and the Reference Rate for Euro is Rs.80.9535 on July 31, 2013. The corresponding rates for the previous day (July 30, 2013) were Rs.59.8280 and Rs.79.3277 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 : 2013-2014/213

Reference rate update for major currencies changes rupee exchange values, with derived pound and yen cross rates adjusted. The Reserve Bank of India published updated reference rates for the US dollar and the Euro and provided the prior day's comparative rates; it derived GBP and JPY exchange rates against the rupee using the US dollar reference rate and cross currency middle rates, and stated that the SDR Rupee rate will be based on the reference rate.