Wednesday 25 October 2017

STOCK MARKET NEWS :- RBI sets rupee reference rate at 65.1386 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 65.1386 against the US dollar and 76.5900 for the euro. The corresponding rates were 64.9256 and 76.3395, as on yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 85.4814 and 57.19 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.

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