RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is `48.8730 and the Reference Rate for Euro is `68.3616 on October 31, 2011. The corresponding rates for the previous day (October 28, 2011) were `48.8210 and `69.2853 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/667