The Reserve Bank of India on Thursday fixed the reference rate of rupee against U.S. dollar at 62.3800 and the euro at 85.2945 as against 61.9176 and 85.2692 on Wednesday.

In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 102.1535 and 59.98 per 100 yen, based on reference rates for the 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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