The Reserve Bank of India on Friday fixed the reference rate of rupee for the U.S. dollar at 59.8960 and the euro at 78.3241 as against 59.6420 and 77.9850 on Thursday.

In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 90.8802 a pound and 60.59 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 here and the SDR-rupee rate would be based on this rate, the release added.

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