Mumbai: The Reserve Bank fixed the reference rate of the rupee for the US dollar at 54.3880 and the euro at 71.2920 as against 54.2320 a dollar and 70.9440 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 87.7822 a pound and 64.86 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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