RBI sets rupee reference rate at 68.1623 against US dollar

, 3:40 PM IST

Mumbai;The Reserve Bank of India today fixed the reference rate of the rupee at 68.1623 against the US dollar and 76.3827 for the euro.

These rates were 67.8190 and 75.5368, respectively, yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 98.2696 and 59.39 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.