PJ:RBI fixes rupee reference rate at 61.6885 against USD
Mumbai: The Reserve Bank of India on Tuesday fixed the reference rate of rupee against US dollar at 61.6885 and the euro at 83.6875 as against 61.7760 and 83.8360 on Monday.
In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 99.2013 a pound and 63.50 per 100 yen, based on reference rates for the dollar and cross-currency quotes at noon.
The reference rate is based on the noon rates of select banks and the SDR-Rupee rate would be based on this rate, the release added.
