The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.3518 and the Reference Rate for Euro is Rs.83.5223 on January 17, 2014. The corresponding rates for the previous day (January 16, 2014) were Rs.61.5325 and Rs.83.8395 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: RBI publishes major currency rates; cross currency middle rates derive others and SDR Rupee is tied. The Reserve Bank of India released the Reference Rate for the US dollar and the Euro, compared with the prior day's rates. Using the US dollar Reference Rate and the middle rates of cross currency quotations, the exchange rates of the British pound and the Japanese yen against the rupee are provided. The press release specifies that the SDR Rupee rate will be based on the Reference Rate.