RBI sets rupee reference rate at 67.7791 against US dollar

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.6154 and 62.12 per 100 yens, respectively.

By: PTI | Mumbai | Published:November 16, 2016 8:29 pm
RBI, US dollar, rupee dollar, rupee, rupee dollar exchange rate, rupee dollar reference rate, reserve bank of india, demonetisation, business news, currency ban, indian express, india news Responding to media reports that more than Rs 650 crore in old currency notes had been deposited in the Rajkot bank in the last four days, Radadiya said the actual figure was Rs 599 crore.

The Reserve Bank of India on Wednesday fixed the reference rate of the rupee at 67.7791 against the US dollar and 72.8422 for the euro. The corresponding rates were 67.7173 and 72.7758, as of Tuesday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.6154 and 62.12 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.