The Reserve Bank of India’s Reference Rate for the US dollar is Rs.59.0335 and the Reference Rate for Euro is Rs.80.3350 on May 30, 2014. The corresponding rates for the previous day (May 29, 2014) were Rs.58.8415 and Rs.80.0315 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 29, 2014	May 30, 2014
1 GBP	98.4065	98.9106
100 YEN	57.85	58.10

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

Ajit Prasad

Assistant General Manager

Reference Rate publication updates exchange rates for major currencies against the rupee; conveys basis and related cross currency conversions. The document announces publication of the Reference Rate for the US dollar and the Euro, states that cross currency middle rates were used to derive pound sterling and yen rates against the rupee, and confirms the SDR Rupee rate will be based on the published reference rate.