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RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is `54.3875 and the Reference Rate for Euro is `69.3003 on May 17, 2012. The corresponding rates for the previous day (May 16, 2012) were `54.2925 and `68.8719 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:

Date

Currency

1 GBP

100 JPY

May 16, 2012

86.6074

67.57

May 17, 2012

86.5577

67.73

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

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/1826

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