The Reserve Bank of India’s Reference Rate for the US dollar is ₹ 61.0583 and the Reference Rate for Euro is ₹ 81.5552 on August 14, 2014. The corresponding rates for the previous day (August 13, 2014) were ₹ 61.2458 and ₹ 81.8990 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
	August 13, 2014	August 14, 2014
1 GBP	103.0154	101.8391
100 YEN	59.91	59.55
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad

Assistant General Manager

Reference Rate sets Rupee exchange benchmarks for major currencies, with derived GBP and JPY rates and SDR basis. The Reserve Bank of India published daily Reference Rates establishing Rupee benchmarks for the US dollar and the Euro on August 14, 2014, and noted the preceding day's levels. Based on the US dollar reference rate and cross currency middle rates, the Bank supplied derived Rupee rates for the British Pound and Japanese Yen. The release further states the SDR Rupee rate will be based on the published reference rate, providing authoritative exchange benchmarks for valuation, settlement and conversion in foreign exchange operations.