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of <h1>RBI Updates Reference Rates: USD at Rs. 68.2250, Euro at Rs. 71.4520, GBP at Rs. 83.8622, Yen at Rs. 58.06.</h1> The Reserve Bank of India set the reference rate for the US Dollar at Rs. 68.2250 on December 28, 2016, up from Rs. 67.9967 on December 27, 2016. Correspondingly, the exchange rates for the Euro, British Pound, and Japanese Yen against the Rupee were adjusted. On December 28, 2016, 1 Euro was valued at Rs. 71.4520, 1 British Pound at Rs. 83.8622, and 100 Japanese Yen at Rs. 58.06. These rates are based on the reference rate for the US Dollar and the middle rates of cross-currency quotes. The SDR-Rupee rate will also be determined using this reference rate.
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