The result of the RBI Reverse Repo auction held today is as under:
In the auctions conducted on November 24, 2011 for Additional Competitive Underwriting (ACU) of the following securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
The Reserve Bank of India’s Reference Rate for the US dollar is `52.2500 and the Reference Rate for Euro is `69.8261 on November 24, 2011. The corresponding rates for the previous day (November 23, 2011) were `52.1005 and `70.0732 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:
