The Reserve Bank of India’s Reference Rate for the US dollar is Rs.59.4783 and the Reference Rate for Euro is Rs.80.7120 on June 13, 2014. The corresponding rates for the previous day (June 12, 2014) were Rs.59.3283 and Rs.80.3036 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
	June 12, 2014	June 13, 2014
1 GBP	99.6834	100.9347
100 YEN	58.13	58.28

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

Ajit Prasad

Assistant General Manager

Reference rate announcement sets interbank exchange benchmarks for dollar, euro and cross-currency rupee rates and establishes SDR rupee basis. The Reserve Bank of India publishes Reference Rates for major currencies, fixes the dollar and euro Reference Rates, provides derived pound sterling and yen exchange rates against the rupee using cross-currency middle rates, and states that the SDR Rupee rate will be based on the published Reference Rate.