RBI reference rate for US dollar and euro

By Siddharthan Meganathan: Subscribe to Siddharthan's

September 6, 2010 8:50 AM EDT

The Reserve Bank of India (RBI) on Monday fixed the reference rate for euro at 60.01 rupees and the reference rate for the US dollar at 46.48 rupees.

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The corresponding rates were 59.82 rupees and 46.67 rupees respectively as against to the previous date on September 3, 2010.

The exchange rates of pound and Japanese yen against to the Indian rupee is 71.9580 rupees per pound and 55.12 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 on Friday.

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