Reference rate for US dollar and euro

The Reserve Bank of India (RBI) on Monday fixed the reference rate for euro at 62.16 rupees and the reference rate for the U.S. dollar at 44.42 rupees.

The corresponding rates were 61.81 rupees per euro and 44.54 rupees per U.S. dollar respectively as against to the previous date on October 29, 2010.

The exchange rates of pound and Japanese yen against to the Indian rupee is 71.4052 rupees per pound and 55.22 rupees per 100 yen, respectively.

The corresponding rates were 70.9255 rupees per pound and 55.21 rupees per 100 yen respectively as against to the previous date on October 29, 2010.

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