The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 61.5030 and the Reference Rate for Euro is Rs. 84.8825 on October 28, 2013. The corresponding rates for the previous day (October 25, 2013) were Rs.61.6250 and Rs. 85.1350 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 for US dollar and euro establishes derived exchange rates for other currencies. Publication of Reference Rate for the US dollar and the euro establishes official daily benchmark exchange rates against the rupee, specifying the current and previous day rates. Using the dollar reference rate and middle cross-currency quotes, the announcement derives exchange rates for the pound sterling and the yen, and states that the SDR Rupee rate will be based on the published reference rate.