RBI sets rupee reference rate at 66.7875 against US dollar
Exchange rates for pound and yen were based on reference rates for the dollar and cross-currency quotes at noon
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The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bi-monthly monetary policy review in Mumbai (Pic: Kamlesh Pednekar)
The Reserve Bank of India today fixed the reference rate of the rupee at 66.7875 against the US dollar and 74.2744 for the euro.
The corresponding rates were 66.6322 and 74.5814, respectively, yesterday.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.2373 and 64.30 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.
The corresponding rates were 66.6322 and 74.5814, respectively, yesterday.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.2373 and 64.30 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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First Published: Oct 07 2016 | 1:32 PM IST
