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RBI sets rupee reference rate at Rs 65.7531 against dollar

Rupee vs dollar

Mumbai:  The Reserve Bank of India today fixed the reference rate of the rupee at 65.7531 against the US dollar and 74.3799 for the euro. These rates were 65.9255 and 75.1287 respectively on Friday.

According to an RBI statement, the exchange rates for pound and yen against the rupee were quoted at 102.1672 and 54.83 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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