The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 60.4735 on September 1, 2014.

The corresponding rate for the previous day (August 28, 2014) was ₹ 60.4745.

Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below:

Currency	Date
	August 28, 2014	September 1, 2014
1 EUR	79.8620	79.3957
1 GBP	100.3514	100.4283
100 YEN	58.27	58.06
Note : The SDR-Rupee rate will be based on the reference rate.

As announced on August 7, 2014 the process of computation and dissemination of RBI reference rate has been changed with effect from September 1, 2014

Ajit Prasad

Assistant General Manager

RBI reference rate methodology change affects currency conversion and sets Rupee rates for major foreign currencies and SDR. The Reserve Bank of India publishes a reference rate for the US Dollar and derives Rupee exchange rates for other major currencies using cross currency middle rates; the SDR Rupee rate is based on that reference rate. The release confirms a procedural change in the computation and dissemination methodology announced earlier and effective from September 1, 2014.