Mumbai: The Reserve Bank on Friday fixed the reference rate of the rupee for the US dollar at 54.5265 and the Euro at 70.8880 as against 55.2020 a dollar and 71.4700 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 87.4823 a pound and 66.17 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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