RBI reference rate for US dollar and euro

The Reserve Bank of India (RBI) on August 26, 2010, fixed the reference rate for euro at 59.45 rupees and the reference rate for the U.S. dollar at 46.81 rupees.

The corresponding rates were 59.35 rupees and 46.93 rupees respectively as against to the previous day.

The exchange rates of pound and yen against to the Indian rupee is 72.8574 rupees per pound and 55.25 rupees per 100 yen, a RBI press release showed.

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