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of <h1>RBI Sets US Dollar Reference Rate at Rs. 63.4955; Updates Euro, Pound, Yen Exchange Rates for July 16, 2015.</h1> The Reserve Bank of India set the reference rate for the US Dollar at Rs. 63.4955 on July 16, 2015, up from Rs. 63.3847 on July 15, 2015. On July 16, the exchange rates for the Euro, British Pound, and Japanese Yen against the Rupee were Rs. 69.3942, Rs. 99.1736, and Rs. 51.28 respectively. These rates are determined based on the US Dollar reference rate and the middle rates of cross-currency quotes. The SDR-Rupee rate will also be based on this reference rate.
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