The Reserve Bank of India’s Reference Rate for the US dollar is Rs.61.1310 and the Reference Rate for Euro is Rs.84.5925 on March 20, 2014. The corresponding rates for the previous day (March 19, 2014) were Rs.61.0970 and Rs.85.0792 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 19, 2014	March 20, 2014
1 GBP	101.4149	101.1718
100 YEN	60.18	59.76

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

Sucheta Vazkar

Manager

Reference rate announcement sets exchange benchmarks for the rupee against major currencies and determines SDR linkage. The Reserve Bank published the rupee Reference Rate for the US dollar and the euro, compared them with the previous day to show short term movement, and used the dollar reference rate together with cross currency middle rates to derive sterling and yen exchange rates; the notice states the SDR rupee rate will be based on the stated reference rate.