RBI sets rupee reference rate at 63.9474 against dollar

A man checks his phone outside the Reserve Bank of India (RBI) headquarters in Mumbai.

The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 63.9474 against the US dollar and 76.5514 for the euro.

The corresponding rates were 63.8859 and 76.7334, as on Monday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.3594 and 58.41 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.