PJ:RBI fixes rupee reference rate at 62.6250 against dollar
Mumbai: The Reserve Bank of India on Monday fixed the reference rate of rupee against US dollar at 62.6250 and the euro at 84.5550 as against 63.0645 and 84.9475 on last Thursday.
In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 101.0642 and 62.59 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.
