The Reserve Bank of India’s Reference Rate for the US dollar is Rs.62.2005 and the Reference Rate for Euro is Rs.84.9640 on January 29, 2014. The corresponding rates for the previous day (January 28, 2014) were Rs.62.9898 and Rs.86.1715 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 exchange rate announcement sets rupee benchmarks for major currencies, including derived GBP and JPY rates, and underlies SDR rupee calculation. The Reserve Bank of India published the rupee Reference Rates for the US dollar and Euro for January 29, 2014, noted the previous day's rates for comparison, provided derived rupee exchange rates for the British pound and Japanese yen using middle cross currency quotes, and stated that the SDR Rupee rate will be based on the published reference rate.