RBI fixes ref rate for dollar, euro

MUMBAI: Reserve Bank of India (RBI) on Friday fixed the Reference rate for the US currency at Rs 45.9200 per dollar and the single European unit at Rs 58.0300 per Euro from Rs 46.0600 and Rs 58.8800 respectively yesterday.

In a press release issued here by the apex bank, the exchange rates of Great Britain Pound and Japanese Yen against the Rupee have been given as Rs 84.6283 per pound and Rs 40.32 per 100 yen respectively, based on the reference rate for US Dollar and middle rates of the cross currency quotes at 12 noon.

The Reference rate is based on 12 noon rates of a few select banks in Mumbai and the SDR-Rupee rate will be based on this rate, the release added.