The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.5160 and the Reference Rate for Euro is Rs.81.6266 on August 14, 2013. The corresponding rates for the previous day (August 13, 2013) were Rs.61.4343 and Rs.81.7770 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:

 

Ajit Prasad
Assistant General Manager

Reference Rate publication updates exchange benchmarks for major currencies and specifies derived cross rates against the rupee. Publication of the Reference Rate establishes official exchange benchmarks for major currencies against the rupee; the Reserve Bank communicates the Reference Rate for the US dollar and the euro, notes day to day movements, and derives corresponding exchange rates for other currencies using cross currency middle rates.