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RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.89 and the Reference Rate for Euro is ` 64.76 on June 1, 2011. The corresponding rates for the previous day (May 31, 2011) were ` 45.03 and ` 64.75 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the Rupee are:

Date

Currency

1 GBP

100 YEN

May 31, 2011

74.4323

55.29

June 1, 2011

73.8463

55.17

Note :  The reference rate is based on 12 noon rates of a few select banks in Mumbai.
            The SDR-Rupee rate will be based on this rate.

Ajit Prasad
Assistant General Manager

Press Release : 2010-2011/1751

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