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Journalism of Courage
The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at Rs 45.2490 and the euro at Rs 65.0620,as against Rs 45.3740 per dollar
and Rs 64.3660 per euro on last Friday.
In a press release issued by the RBI,the exchange rates for the pound and yen against the rupee were quoted at Rs 73.8803 per pound and Rs 58.93 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 in Mumbai and the SDR-Rupee rate would be based on this rate,the release added.
