The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 62.1185 and the Reference Rate for Euro is Rs. 85.3235 on February 24, 2014. The corresponding rates for the previous day (February 21, 2014) were Rs. 62.1618 and Rs. 85.2685 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 rates published by central bank update dollar, euro benchmarks and inform derived cross currency rates. Reserve Bank of India published daily reference exchange rates for the US dollar and the Euro, compared them with the prior business day, and provided derived pound sterling and Japanese yen rates computed from the dollar reference and cross currency middle rates; it also states that the SDR rupee rate will be based on the published reference rate.