RBI fixed the Reference Rate of Rupee against US Dollar at 61.4050

The Reserve Bank of India on 4 October 2013 fixed the reference rate of rupee against US dollar at 61.4050 and the euro at 83.6790 as against 61.9348 and 84.2360 on 3 October 2013. The exchange rates for the pound and yen against the rupee were quoted at 99.2857 a pound and 63.25 per 100 yen, based on reference rates for the dollar and cross-currency quotes at noon.

The reference rate is based on the noon rates of select banks and the SDR-Rupee rate would be based on this rate.