The Reserve Bank of India on Wednesday fixed the reference rates for the U.S. currency at Rs. 46.64 per dollar and Euro at Rs. 59.88 per euro, as against the yesterday’s rates of Rs. 46.68 per dollar and Rs. 59.98 per euro.
In a press release issued by the apex bank, the exchange rate of pound and yen against the rupee is Rs. 72.4179 per pound and Rs. 54.55 per 100 yen respectively, based on the reference rate of the U.S. dollar and middle rates of the cross currency quotes at noon.
The reference rate is based on 12 noon rates of select banks in Mumbai and the SDR-Rupee rate will be based on this rate, the release added.