RBI sets rupee reference rate at 68.5920 against US dollar

Wednesday, Feb 17, 2016,14:31 IST By Metrovaartha A A A

Mumbai | The Reserve Bank of India today fixed the reference rate of the rupee at 68.5920 against the US dollar and 76.6104 for the euro. These rates were 68.3360 and 76.2425 respectively, yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 98.0180 and 60.32 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.