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of <h1>RBI Sets New Dollar Reference Rate at Rs. 64.3441; Adjusts Exchange Rates for Euro, Pound, Yen on May 18, 2017.</h1> The Reserve Bank of India set the reference rate for the US Dollar at Rs. 64.3441 on May 18, 2017, up from Rs. 64.0214 on May 17, 2017. Consequently, the exchange rates for other currencies against the Rupee were adjusted. On May 18, 2017, 1 Euro equaled Rs. 71.6214, 1 British Pound equaled Rs. 83.3063, and 100 Japanese Yen equaled Rs. 57.80. These rates are calculated based on the US Dollar reference rate and the middle rates of cross-currency quotes. The SDR-Rupee rate will also be determined using this reference rate.
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