The Reserve Bank of India’s Reference Rate for the US dollar is Rs.65.8608 and the Reference Rate for Euro is Rs.87.0575 on September 2, 2013. The corresponding rates for the previous day (August 30, 2013) were Rs.66.5742 and Rs. 88.1605 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

 

Reference exchange rate publication by the central bank guides cross currency conversions, derived sterling/yen rates and SDR rupee linkage The Reserve Bank published the Reference Rate for the US dollar and the Euro on September 2, 2013, compared these with the previous business day, and, using the US dollar reference and cross currency middle rates, provided derived pound sterling and Japanese yen rates; the SDR Rupee rate is stated to be based on the published reference rate.