The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 50.0215 rupees and the euro 65.1255 rupees.

The corresponding rates of dollar and euro for the previous day (January 24, 2012) were 49.9673 rupees and 65.0887 rupees respectively.

Based on the reference rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of British pound as against the rupee is 78.0535 as against 77.7441 on the previous day (January 24, 2012) and that of Japanese yen is 64.19 as against 64.90 the previous day.