By Siddharthan Meganathan: Subscribe to Siddharthan's RSS feed
September 1, 2010 7:25 AM EDT
The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for euro at 59.60 rupees and the reference rate for the US dollar at 46.87 rupees.
The corresponding rates were 59.50 rupees and 47.08 rupees respectively as against to the previous date on August 31, 2010.
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The exchange rates of pound and Japanese yen against to the Indian rupee is 72.2220 rupees per pound and 55.53 rupees per 100 yen, respectively.
The reference rates are based on 12 noon rates of a few select banks in Mumbai and the SDR-Rupee rate will be based on this rate, a RBI press release showed.
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