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Journalism of Courage
The Reserve Bank of India RBI today fixed the reference rate for the US dollar at Rs 53.0270 and the euro at Rs 68.9987,as against Rs 52.9575 per dollar and Rs 68.9065 per euro yesterday.
In a press release issued by the RBI,the exchange rates for the pound and yen against the rupee were quoted at Rs 82.3403 per pound and Rs 68.03 per 100 yen,based on reference rates for the US dollar and cross-currency quotes at noon.
The reference rate is based on the noon rates of select banks here and the SDR-Rupee rate would be based on this rate,the release added.
