RBI reference rates for US dollar and euro

The Reserve Bank of India on Monday fixed the reference rates for the US currency at Rs. 46.61 per dollar and euro at Rs. 59.28 per euro as against Rs. 46.58 per dollar and Rs. 59.66 per euro, respectively on last Friday.

In a press release issued by the apex bank, the exchange rate of pound and yen against the rupee is Rs. 72.5974 per pound and Rs. 54.58 per 100 yen, respectively, based on the reference rate of the US 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.