RBI sets rupee reference rate at 64.027against dollar
The Reserve Bank of India today fixed the reference rate of the rupee at 64.0276 against the US dollar and 76.3593 for the euro. The corresponding rates were 64.2146 and 76.5438, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.4664 and 58.70 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.
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