Wednesday, 18 January 2017

RBI sets rupee reference rate at 68.0509 against dollar

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The Reserve Bank of India today fixed the reference rate of the rupee at 68.0509 against the US dollar and 72.5014 for the euro. The corresponding rates were 68.1558 and 72.4155, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.4573 and 59.98 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate.

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