The Reserve Bank of India on Tuesday fixed the reference rate for the US currency at Rs. 45.55 per dollar and the single European unit at Rs. 56.37 per euro from Rs. 45.72 per dollar and Rs. 56.19 per euro, respectively, as on May 17.
In a note issued here by the apex bank, the exchange rate of pound and yen against the rupee have been given as Rs. 65.9268 per pound and Rs. 49.16 per 100 yen, respectively, based on the reference rate for US dollar and middle rates of the cross currency quotes at noon.
The reference rate is based on 12 noon rates of a few select banks in Mumbai and the SDR-Rupee rate will be based on this rate, the release added.