The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.9045 and the Reference Rate for Euro is Rs.85.1365 on March 04, 2014. The corresponding rates for the previous day (March 03, 2014) were Rs.61.8605 and Rs.85.3085 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
	March 03, 2014	March 04, 2014
1 GBP	103.5235	103.2567
100 YEN	61.01	60.84

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

Sucheta Vazkar
Manager

Reference Rate announcement sets the daily benchmark for forex quotations and related SDR Rupee conversions. Announcement of the Reserve Bank of India's daily Reference Rate for the US dollar and the Euro, showing current and prior day figures and noting day to day movement. Derived exchange rates for the British pound and Japanese yen are supplied based on the US dollar reference rate and middle cross currency quotes. The release further states that the SDR Rupee rate will be based on the published reference rate, establishing the reference rate as the benchmark for related currency conversions.