The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7407 on August 08, 2016.

The corresponding rate for the previous day (August 05, 2016) was ₹ 66.8141.

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 05, 2016	August 08, 2016
1 EUR	74.4510	74.0622
1 GBP	87.7470	87.2768
100 YEN	66.13	65.40
Note : The SDR-Rupee rate will be based on the reference rate.

Note : The SDR-Rupee rate will be based on the reference rate.

 

Ajit Prasad

Assistant Adviser

 

Reference rate for US dollar sets rupee cross-rates for euro, pound and yen and fixes the SDR rupee benchmark. The central bank reference rate for the US dollar is published as the operative benchmark for rupee exchange rates and is compared with the prior reference; that rate, together with middle cross currency quotes, is used to derive rupee rates for the euro, pound and yen, and to determine the SDR rupee rate.