RBI fixes reference rates for US dollar and euro

The Reserve Bank of India (RBI) today fixed the reference rate for the US dollar at Rs 44.52 per dollar and the euro at Rs 64.41 per euro, as against Rs 44.48 per dollar and Rs 64.42 per euro on April 13.

In a press release issued by the RBI, the exchange rates for the pound and yen against the rupee were quoted at Rs 72.7167 per pound and Rs 53.48 per 100 yen, based on reference rates for the US dollar and cross-currency quotes at noon.

The reference rate is based on the noon rates of select banks in Mumbai and the SDR-Rupee rate would be based on this rate, the release added.