RBI reference rates for U.S. dollar and euro

In this photo taken Tuesday, April 6, 2010, a bank clerk counts Chinese banknotes next to U.S. dollars on the counter at a bank in Hefei, in central China's Anhui province. U.S. Treasury Secretary Timothy Geithner is expected to press Beijing over its currency controls when he meets Vice Premier Wang Qishan in a sign the two sides are stepping up efforts to narrow their differences in the dispute. (AP Photo) ** CHINA OUT **

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the U.S. dollar at Rs. 45.66 per dollar and the euro at Rs. 61.12 per euro, as against Rs. 45.61 per dollar and Rs. 61.80 per euro respectively yesterday.

In a press release issued by the RBI, the exchange rate of the pound and yen against the rupee were quoted at Rs. 72.1770 per pound and Rs. 54.90 per 100 yen, respectively, based on the reference rate of 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.