The Reserve Bank of India’s Reference Rate for the US dollar is ₹ 60.1485 and the Reference Rate for Euro is ₹ 80.6350 on July 30, 2014. The corresponding rates for the previous day (July 28, 2014) were ₹ 60.1013 and ₹ 80.7385 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 28 2014	July 30 2014
1 GBP	102.0400	101.9216
100 YEN	59.00	58.90
Note : The SDR-Rupee rate will be based on the reference rate.

Manjula Rattan

General Manager

Reference rate issuance sets official daily benchmarks for major currencies, with cross rate derivations and SDR linkage. The Reserve Bank published the Reference Rate for the US dollar and the Euro on July 30, 2014, compared to the previous day, and provided GBP and JPY exchange rates derived from the US dollar reference rate and middle cross currency quotes. The release states the SDR Rupee rate will be based on the published Reference Rate, establishing the official daily benchmark and the basis for derived cross rates.