The Reserve Bank of India’s Reference Rate for the US dollar is Rs.59.6463 and the Reference Rate for Euro is Rs.82.3920 on April 02, 2014. The corresponding rates for the previous day (March 28, 2014) were Rs.60.0998 and Rs.82.5765 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 28, 2014	April 02, 2014
1 GBP	99.8498	99.2097
100 YEN	58.83	57.48

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

Ajit Prasad
Assistant General Manager

 

Reference Rate publication for major currencies; guides rupee cross currency calculations and SDR rupee conversion basis. The Reserve Bank of India published official Reference Rate quotations for the US dollar and the euro, compared them with the prior reference day, and, using the US dollar reference and cross currency middle rates, provided derived rupee exchange rates for the pound sterling and the Japanese yen; it also stated that the SDR Rupee rate will be based on the published reference rate.