PJ:RBI fixes rupee reference rate at 62.4390 against dollar
Mumbai: The Reserve Bank of India (RBI) on Tuesday fixed the reference rate of rupee against US dollar at 62.4390 and the euro at 85.2813 as against 62.1930 and 84.7418 on Monday.
In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 102.4811 and 61.01 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.
