The Reserve Bank of India’s Reference Rate for the US dollar is ₹ 60.3300 and the Reference Rate for Euro is ₹ 81.5848 on July 18, 2014. The corresponding rates for the previous day (July 17, 2014) were ₹ 60.1401 and ₹ 81.3340 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
	July 17, 2014	July 18, 2014
1 GBP	103.0019	103.1824
100 YEN	59.25	59.54

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

Ajit Prasad

Assistant General Manager

Reference rate publication establishes exchange benchmarks and cross currency conversions, and bases the SDR Rupee conversion on that reference. Publication sets the Reference Rate framework by announcing the Reserve Bank's daily rupee reference rates for major convertible currencies and, using those Reference Rates together with the middle rates of cross currency quotes, derives and publishes exchange rates for other currencies; it also specifies that the SDR Rupee rate will be based on the Reference Rate.