RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is `54.3375 and the Reference Rate for Euro is `70.5725 on September 20, 2012. The corresponding rates for the previous day (September 18, 2012) were `54.2570 and `71.0335 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

Date	Currency
	1 GBP	100 JPY
September 18, 2012	88.1459	68.99
September 20, 2012	87.9072	69.49

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

Ajit Prasad
Assistant General Manager

 

 

Reference exchange rate publication - RBI sets USD and Euro benchmarks, with cross-currency rates determining GBP and JPY values. Reserve Bank of India publishes daily Reference Rate benchmarks for major currencies, stating US dollar and Euro reference rates for the date and providing derived exchange rates for other currencies using middle cross-currency quotations; the SDR-Rupee rate is to be calculated on the basis of the published reference rate.