Mumbai: The Reserve Bank fixed the reference rate of the rupee for the US dollar at 54.3400 and the euro at 69.4274 as against 54.4403 a dollar and 69.4755 a euro as on Thursday.

In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 86.9685 a pound and 68.31 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.

(Agencies)

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