The Reserve Bank of India’s Reference Rate for the US dollar is Rs.62.2260 and the Reference Rate for Euro is Rs.84.1073 on September 26, 2013. The corresponding rates for the previous day (September 25, 2013) were Rs.62.6981 and Rs.84.4589 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 for major currencies set; establishes rupee exchange benchmarks and cross currency derived daily rates. Reference rates for foreign exchange were published establishing rupee benchmarks. The central bank set the Reference Rate for the US dollar and the Euro on the specified business day and reported the previous day's rates for comparison. Using the dollar reference rate and middle cross currency quotes, the announcement provided derived rupee rates for the pound sterling and the Japanese yen. The release further stated that the SDR Rupee rate will be based on the published reference rate.