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<h1>RBI Sets Lower Reference Rates for USD and Euro on February 17, 2014; Impacts GBP and JPY Exchange Rates.</h1> The Reserve Bank of India set the reference rate for the US dollar at Rs.61.9495 and for the Euro at Rs.84.9485 on February 17, 2014. These rates were lower than those on February 14, 2014, which were Rs.62.2770 for the US dollar and Rs.85.1755 for the Euro. Based on the US dollar reference rate and cross-currency quotes, the exchange rates for the British Pound and Japanese Yen against the Rupee were 104.0194 and 60.97, respectively, on February 17, 2014. The SDR-Rupee rate is determined using the reference rate.
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