The Reserve Bank of India on Tuesday fixed the reference rate for the US dollar at Rs 44.43 per dollar and the euro at Rs. 62.07 per euro, as against Rs. 44.36 per dollar and Rs. 62.33 per euro respectively, yesterday.

In a press release issued by the apex bank, the exchange rate of the pound and yen against the rupee were quoted at Rs. 70.1017 per pound and Rs. 55.03 per 100 yen, respectively, based on the reference rate of the US 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 will be based on this rate, the release added.

More In: Markets | Business