Reference rate for US dollar and euro

By Siddharthan Meganathan: Subscribe to Siddharthan's

January 25, 2011 8:36 AM GMT

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for euro at 62.14 rupees and the reference rate for the U.S. dollar at 45.53 rupees.

The corresponding rates were 62.01 rupees per euro and 45.58 rupees per U.S. dollar respectively as against to the previous date on January 24, 2011.

The exchange rates of pound and Japanese yen against to the Indian rupee is 72.7797 rupees per pound and 55.24 rupees per 100 yen, respectively.

The corresponding rates were 72.7913 rupees per pound and 55.08 rupees per 100 yen respectively as against to the previous date on January 24, 2011.

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 Tuesday.

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