PN:RBI fixes reference rate of rupee for the US dollar at 54.3893
Mumbai: The Reserve Bank of India (RBI) today fixed the reference rate of rupee for the US dollar at 54.3893 and the euro at 69.5438 respectively as against 54.2735 and 69.8803 yesterday.
In a press release issued by RBI, the exchange rates for the pound and yen against rupee were quoted at 82.3209 a pound and 57.76 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.
