The Reserve Bank of India’s Reference Rate for the US dollar is Rs.58.7725 and the Reference Rate for Euro is Rs.80.5684 on May 21, 2014. The corresponding rates for the previous day (May 20, 2014) were Rs.58.7455 and Rs.80.5261 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 20, 2014	May 21, 2014
1 GBP	98.7747	99.0199
100 YEN	57.93	58.09

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

Ajit Prasad
Assistant General Manager

Reference rate published by central bank sets USD/Euro benchmarks and underpins derived GBP, JPY and SDR Rupee conversions. The Reserve Bank published the Reference Rate for the US dollar and the Euro for May 21, 2014, noting the previous day's rates; it derived GBP and JPY Rupee rates from the US dollar Reference Rate and middle cross currency quotes, and specified that the SDR Rupee rate is to be based on the Reference Rate.