Mumbai: The Reserve Bank on Thursday fixed the reference rate of rupee for the US dollar at 54.9590 and the euro at 70.0345 as against 54.9340 a dollar and 69.9335 a euro as on November 12.

In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 87.1045 a pound and 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.


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