FBIL sets rupee reference rate at 68.5877 against dollar

The Financial Benchmarks India private limited (FBIL) on Monday fixed the reference rate of the rupee at 68.5877 against the US dollar and 80.2526 for the euro.

The corresponding rates were 68.4094 and 79.7617, as on July 13, 2018.

According to an FBIL statement, the exchange rates for the pound and the yen against the rupee were 90.8481 and 61.02 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.