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of <h1>RBI Updates Reference Rates: 1 USD = Rs. 62.4422, 1 Euro = Rs. 77.3846, 1 GBP = Rs. 98.1529, 100 JPY = Rs. 52.49.</h1> The Reserve Bank of India set the reference rate for the US Dollar at Rs. 62.4422 on December 12, 2014, up from Rs. 62.2059 on December 11, 2014. The exchange rates for other currencies against the Rupee were also updated: 1 Euro was Rs. 77.3846, 1 British Pound was Rs. 98.1529, and 100 Japanese Yen was Rs. 52.49 on December 12. These rates are determined based on the US Dollar reference rate and the middle rates of cross-currency quotes. The SDR-Rupee rate will align with the reference rate.
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