<h1>RBI Sets USD Reference Rate at Rs. 66.9539 on Sept 1, 2016; Euro, Pound, Yen Rates Also Announced.</h1> The Reserve Bank of India set the reference rate for the US Dollar at Rs. 66.9539 on September 1, 2016, slightly down from Rs. 66.9813 on August 31, 2016. The exchange rates for other currencies against the Rupee were also provided: the Euro was valued at Rs. 74.6603, the British Pound at Rs. 88.0511, and 100 Japanese Yen at Rs. 64.78 on September 1. These rates are based on the US Dollar reference rate and the middle rates of cross-currency quotes. The Special Drawing Rights (SDR) to Rupee rate will also be determined using this reference rate.