The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.8668 and the Reference Rate for Euro is Rs.84.6510 on December 24, 2013. The corresponding rates for the previous day (December 23, 2013) were Rs.61.9915 and Rs.84.8180 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 updates exchange benchmarks and sets derived GBP, JPY and SDR rupee exchange indications. The Reserve Bank published the daily Reference Rate for the US dollar and the Euro, stated the previous day's rates, and, using middle cross currency quotes, provided derived rupee exchange indications for GBP and JPY; the SDR rupee rate is to be based on the published Reference Rate.