The Reserve Bank of India’s Reference Rate for the US dollar is Rs.59.4745 and the Reference Rate for Euro is Rs.81.5526 on May 15, 2014. The corresponding rates for the previous day (May 13, 2014) were Rs.59.8773 and Rs.82.4035 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
	May 13, 2014	May 15, 2014
1 GBP	100.9831	99.7031
100 YEN	58.55	58.34

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

Nayana Dhuru

Assistant Manager

Reference exchange rates updated, impacting cross currency middle rates and derived rupee conversions for major currencies and SDR valuation. The Reserve Bank published reference exchange rates for the US dollar and the euro on May 15, 2014, compared them with the previous reference rates, provided derived rupee quotations for GBP and JPY using cross currency middle rates, and stated that the SDR Rupee rate will be based on the reference rate.