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RBI sets rupee reference rate at 63.46 against dollar


Mumbai:  The Reserve Bank of India today fixed the reference rate of rupee at 63.4655 against the US dollar and at 70.6942 for the euro, as against 63.3793 and 70.4334 last Friday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 98.4731 and 51.77 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.

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