RBI sets rupee reference rate at 65.5529 against dollar
The Reserve Bank of India today fixed the reference rate of the rupee at 65.5529 against the US dollar and 76.7756 for the euro. The corresponding rates were 65.3552 and 77.0603, as on September 29. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 86.8707 and 57.97 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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