Mumbai: The Reserve Bank on Monday fixed the reference rate of the rupee for the US dollar at 55.6920 and the Euro at 72.1005 as against 55.3445 a dollar and 71.3665 a Euro as on last Friday.
    
In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 89.1963 a pound and 67.84 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 and the SDR-Rupee rate would be based on this rate, the release added.

(Agencies)

Latest News  from Business News Desk