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RBI sets rupee reference rate at 64.0577 against US dollar

RBI sets rupee reference rate at 64.0577 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.0577 against the US dollar and 75.8251 for the euro.

The corresponding rates were 64.1205 and 75.6365, as on December 19, 2017.

The according to an RBI statement, the exchange rates for the pound and the yen against the rupee were 85.7604 and 56.70 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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