Mumbai, May 24: Reserve Bank of India (RBI) today fixed the reference rate for the US currency at Rs 45.3700 per dollar and the single European unit at Rs 54.2000 per Euro from Rs 45.3300 and Rs 54.3900 respectively on May 21. In a press release issued here by the apex bank, the exchange rates of Great Britain pound and Japanese yen against the rupee have been given as Rs 81.0172 per pound and Rs 40.25 per 100 yen respectively, based on the reference rate for US dollar and middle rates of the cross currency quotes at 12 noon. The reference rate is based on 12 noon rates of a few select banks in Mumbai and the SDR-rupee rate will be based on this rate, the release added.
Bureau Report