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of <h1>RBI Sets USD Reference Rate at Rs. 66.5977 on May 12, 2016; Euro and Pound Rates Also Updated.</h1> The Reserve Bank of India set the reference rate for the US Dollar at Rs. 66.5977 on May 12, 2016, compared to Rs. 66.6958 on May 11, 2016. Based on these rates, the exchange rates for other currencies against the Rupee were as follows: 1 Euro was Rs. 76.0612, 1 British Pound was Rs. 96.1538, and 100 Japanese Yen were Rs. 61.16 on May 12, 2016. The SDR-Rupee rate is determined based on this reference rate.
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