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    RBI Reference Rate for US $ and Euro

    March 12, 2014

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    The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 61.0900 and the Reference Rate for Euro is Rs. 84.6545 on March 12, 2014. The corresponding rates for the previous day (March 11, 2014) were Rs. 60.6995 and Rs. 84.1590 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 11, 2014

    March 12, 2014

    1 GBP

    100.9675

    101.5927

    100 YEN

    58.78

    59.39

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

    Samruddhi Chaudhary
    Assistant Manager

    Topics

    ActsIncome Tax