The Reserve Bank of India on Monday fixed the reference rate of rupee for the U.S. dollar at 54.7773 and the euro at 72.2605 as against 54.8473 a dollar and 72.6298 a euro as on Dec 28.

In a press release issued by RBI, the exchange rates for the pound and yen against rupee were quoted at 88.5092 a pound and 63.66 per 100 yen, based on reference rates for the U.S. dollar and cross-currency quotes at noon.

The reference rate is based on the noon rates of select banks in Mumbai and the SDR-rupee rate would be based on this rate, the release added.

More In: Markets | Business