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of <h1>RBI Updates Reference Rates: US Dollar at Rs.58.5740, Euro at Rs.80.0500, British Pound at Rs.98.8788.</h1> The Reserve Bank of India set the reference rate for the US dollar at Rs.58.5740 and for the Euro at Rs.80.0500 on May 22, 2014. The previous day's rates were Rs.58.7725 for the US dollar and Rs.80.5684 for the Euro. The exchange rates for the British Pound and Japanese Yen against the Rupee were 98.8788 and 57.62, respectively, on May 22, 2014, compared to 99.0199 and 58.09 on May 21, 2014. The SDR-Rupee rate is determined based on these reference rates.
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