The Reserve Bank of India’s Reference Rate for the US dollar is Rs.64.2162 and the Reference Rate for Euro is Rs.85.2073 on September 10, 2013. The corresponding rates for the previous day (September 6, 2013) were Rs.65.9600 and Rs.86.5828 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 rate publication updates US dollar and euro benchmarks, with cross currency GBP and JPY rates derived and SDR linkage. Publication of daily reference exchange rates reports benchmark rupee values for the US dollar and the euro on the specified business day and provides cross-currency derived sterling and yen rates computed from the dollar reference and middle cross-currency quotes. The notice also states that the Special Drawing Rights-rupee rate will be based on the published reference rate, thereby linking SDR conversion to the daily benchmark.