ET:RBI fixes reference rate of Rupee for the USD at 59.7030
MUMBAI: The Reserve Bank of India today fixed the reference rate of rupee for the US dollar at 59.7030 and the euro at 78.3826 as against 59.7340 and 78.2286, respectively, as on June 24.
In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 92.2531 a pound and 61.25 per 100 yen, based on reference rates for the US dollar and cross-currency quotes at noon.
The reference rate is based on the noon rates of select banks here and the SDR-Rupee rate would be based on this rate, the release added.
