The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 61.9880 and the Reference Rate for Euro is Rs. 83.9765 on January 23, 2014. The corresponding rates for the previous day (January 22, 2014) were Rs. 61.9200 and Rs. 83.9267 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 announcement updates exchange-rate benchmarks and derived cross-currency conversions, including pound and yen. The announcement establishes official Reference Rates for the US dollar and the Euro, compares them with the previous day's rates, and states that those published reference rates form the basis for derived cross-currency conversions, including the pound and the yen, as well as for the SDR rupee rate.