FBIL sets rupee reference rate at 68.2978 against dollar

The Financial Benchmarks India private limited (FBIL) on Tuesday fixed the reference rate of the rupee at 68.2978 against the US dollar and 80.1006 for the euro.

The corresponding rates were 68.5877 and 80.2526 on Monday.

According to an FBIL statement, the exchange rates for the pound and the yen against the rupee were 90.5160 and 60.78 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.