RBI fixes reference rate for rupee at 58.6 against dollar today
The RBI fixed the reference rate for the US dollar at Rs 58.86 and Euro at Rs 80.71
By : DC Correspondent
Update: 2014-05-16 13:53 GMT
The Reserve Bank of India’s Reference Rate for the US dollar is '58.8610 and the Reference Rate for Euro is '80.7166 on May 16, 2014. The corresponding rates for the previous day (May 15, 2014) were '59.4745 and '81.5526 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are Rs 98.8217 and Rs 57.97 respectively.