The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 60.8035 and the Reference Rate for Euro is Rs. 80.3655 on August 2, 2013. The corresponding rates for the previous day (August 1, 2013) were Rs. 60.7423 and Rs. 80.6025 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

 

Reference Rate publication updates exchange rate benchmarks and cross currency conversions affecting rupee valuations and SDR linkage. The Reserve Bank of India issued the Reference Rate for the US dollar and the Euro, updating official rupee exchange benchmarks with corresponding prior day comparisons; it derived rupee rates for the British pound and Japanese yen from the US dollar reference and middle cross currency quotes, and stated that the SDR Rupee rate will be based on the Reference Rate.