RBI-reference rate for US dollar, euro

 The Reserve Bank of India on Monday fixed the reference rate of rupee against U.S. dollar at 62.1024 and the euro at 85.4284 as against 62.1266 and 85.4135 on last Friday.

In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 101.2704 and 60.40 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 in Mumbai and the SDR-rupee rate would be based on this rate, the release added.