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of <h1>RBI Sets New Reference Rates: USD at Rs. 62.1185, Euro at Rs. 85.3235, Effective February 24, 2014.</h1> The Reserve Bank of India set the reference rate for the US dollar at Rs. 62.1185 and the Euro at Rs. 85.3235 on February 24, 2014. The previous rates on February 21, 2014, were Rs. 62.1618 for the US dollar and Rs. 85.2685 for the Euro. The exchange rates for the British Pound and Japanese Yen against the Rupee were 103.3838 and 60.71, respectively, on February 24, 2014. These rates are determined based on the reference rate and cross-currency quotes.
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