Reference rate for US dollar and euro

The Reserve Bank of India (RBI) on Monday fixed the reference rate for euro at 60.62 rupees and the reference rate for the US dollar at 45.04 rupees.

The corresponding rates were 60.75 rupees per euro and 45.54 rupees per US dollar respectively as against to the previous date on September 24, 2010.

The exchange rates of pound and Japanese yen against to the Indian rupee is 71.2961 rupees per pound and 53.46 rupees per 100 yen, respectively.

The corresponding rates were 71.3976 rupees per pound and 53.79 rupees per 100 yen respectively as against to the previous date on September 24, 2010.

The reference rates are based on 12 noon rates of a few select banks in Mumbai and the special drawing rights-rupee rate will be based on this rate, a RBI press release showed on Monday.