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RBI sets rupee reference rate at 63.57 against dollar

RBI fixed the reference rate of rupee at 70.3535 for the euro

Mumbai: The Reserve Bank of India on June 2 fixed the reference rate of rupee at 63.5705 against the US dollar and at 70.3535 for the euro as against 63.6223 and 70.7671 respectively on July 1.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 99.2018 and 51.52 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee rate would be based on this rate, the statement added.

( Source : PTI )
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