RBI fixes rupee reference rate for US Dollar, Euro

Mumbai, Aug 4 : The Reserve Bank of India today fixed the reference rate of the rupee against the US dollar at 61.0187 and of the euro at 81.9061 as against 60.8510 and 81.4615 last Friday.

According to a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 102.6945 and 59.41 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The reference rate is based on the noon rates of select banks here and the SDR-Rupee rate would be based on this rate, the release added.