RBI sets rupee reference rate at 63.39 against dollar

MUMBAI: The Reserve Bank of India on Friday fixed the reference rate of rupee at 63.3963 against the US dollar and at 70.3319 for the euro as against 63.5705 and 70.3535, respectively, on Thursday. 

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 98.9426 and 51.49 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon. 

The SDR-rupee rate would be based on this rate, the statement added.

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