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RBI sets rupee reference rate at 64.88 against dollar

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Press Trust of India Mumbai
The Reserve Bank of India today fixed the reference rate of the rupee at 64.88 against the US dollar and 72.06 for the euro.

These rates were 65.15 and 73.97, respectively, on Wednesday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 99.88 and 53.79 per 100 yens respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee rate will be based on this rate, the statement added.

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First Published: Oct 23 2015 | 1:28 PM IST

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