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RBI sets rupee reference rate at 65.5411 against Dollar >> Ripples Financial Advisory
The Reserve Bank of India has fixed the reference rate of the rupee at 65.5411 against the US dollar and 70.6074 for the euro. The corresponding rates were 65.3836 and 70.1893, previously. According to a RBI statement, the exchange rates for the pound and the yen against the rupee were 80.9957 and 57.84 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, the statement added.