Business

RBI Sets Rupee Reference Rate At Rs 64.7848 Against Dollar

Mumbai, October 9: The Reserve Bank of India today fixed the reference rate of the rupee at 64.7848 against the US dollar and 73.0837 for the euro.

These rates were 65.1570 and 73.3277 respectively, yesterday.

According to an RBI statement, the exchange rates for pound and yen against the rupee were quoted at 99.5418 and 53.96 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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