The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 61.9765 and the Reference Rate for Euro is Rs. 85.1435 on February 25, 2014. The corresponding rates for the previous day (February 24, 2014) were Rs. 62.1185 and Rs. 85.3235 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:

Currency	Date
	February 24, 2014	February 25, 2014
1 GBP	103.3838	103.3086
100 YEN	60.71	60.51

Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant General Manager

 

Reference rate announcement: RBI publishes rupee benchmarks for US dollar, euro and cross currency conversions affecting rupee valuations. Announcement of Reference Rate values for major currencies by the central bank: the Reserve Bank of India published the rupee Reference Rates for the US dollar and the Euro, noted the previous day's corresponding rates, and stated that the SDR Rupee rate will be based on the published Reference Rate. Derived cross-currency conversions using the US dollar rate and middle cross currency quotes produce rupee exchange rates for the pound sterling and the Japanese yen.