The Reserve Bank of India’s Reference Rate for the US dollar is Rs.60.7147 and the Reference Rate for Euro is Rs.83.7695 on April 22, 2014. The corresponding rates for the previous day (April 21, 2014) were Rs.60.3350 and Rs.83.3835 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
	April 21, 2014	April 22, 2014
1 GBP	101.4050	102.0432
100 YEN	58.85	59.25

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

Ajit Prasad
Assistant General Manager

Reference rate publication sets rupee exchange benchmarks for major currencies and underpins SDR valuation for market guidance. The Reserve Bank of India publishes official reference rates for major foreign currencies, reporting day to day movements and deriving cross currency rupee rates from the US dollar reference and middle cross currency quotes; the SDR Rupee rate is to be based on the published reference rate, thereby providing authoritative benchmarks for currency pricing and SDR valuation.