RBI sets rupee reference rate at 67.4571 against dollar

12 June 2018, 03:57 PM
RBI sets rupee reference rate at 67.4571 against dollar (Representative Image)
RBI sets rupee reference rate at 67.4571 against dollar (Representative Image)

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate of the rupee at 67.4571 against the US dollar and 79.3498 for the euro.

The corresponding rates were 67.3353 and 79.5230, as on June 08, 2018.

According to a Reserve Bank of India statement, the exchange rates for the pound and the yen against the rupee were 90.0620 and 61.10 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

Also Read | IMF welcomes RBI decision to hike interest rates

The SDR-rupee figure will be based on this rate, the statement added.

First Published: Tuesday, June 12, 2018 03:45 PM
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