RBI reference rate for U.S. dollar and Euro

The Reserve Bank of India on Friday fixed the reference rate for the U.S. currency at Rs 46.95 per dollar and the single European unit at Rs 59.03 per euro from Rs 46.75 per dollar and Rs 57.69 per euro respectively Thursday.

In a press release issued here by the apex bank, the exchange rate of pound and yen against the rupee have been given as Rs 67.6643 per pound and Rs 52.06 per 100 yen, respectively, based on the reference rate for 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.