The Reserve Bank of India’s Reference Rate for the US dollar is ₹ 60.0020 and the Reference Rate for Euro is ₹ 80.6785 on July 24, 2014. The corresponding rates for the previous day (July 23, 2014) were ₹ 60.1830 and ₹ 81.0305 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 23 2014	July 24 2014
1 GBP	102.6842	102.1894
100 YEN	59.34	59.13
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad

Assistant General Manager

Exchange reference rates published for major currencies establish official rupee conversion benchmarks for market and SDR valuation. The Reserve Bank published official reference exchange rates for the US dollar and the euro for July 24, 2014, noting prior day levels, and provided derived rupee rates for the British pound and Japanese yen based on cross currency quotes; the press release states the SDR Rupee rate will be based on the reference rate.