The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5880 on January 18, 2016.

The corresponding rate for the previous day (January 15, 2016) was ₹ 67.4325.

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
	January 15, 2016	January 18, 2016
1 EUR	73.3868	73.6101
1 GBP	97.1095	96.4819
100 YEN	57.25	57.68
Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad

Assistant Adviser

Reference rate update: revised US dollar benchmark underpins derived exchange rates and SDR rupee valuation. RBI announced an updated reference rate for the US Dollar, establishing the official rupee conversion benchmark. Using the US Dollar reference and the middle rates of cross-currency quotes, the Reserve Bank published derived exchange rates for the Euro, Pound Sterling and Japanese Yen. The announcement specifies that the SDR Rupee rate will be calculated on the basis of the published reference rate, and records current and preceding reference day figures to support transparency in benchmark publication.