FBIL sets rupee reference rate at 68.7040 against dollar

The Financial Benchmarks india private limited (FBIL) on Monday fixed the reference rate of the rupee at 68.7040 against the US dollar and 80.5619 for the euro.

The corresponding rates were 68.8458 and 80.3114 as on Jul 20.

According to an FBIL statement, the exchange rates for the pound and the yen against the rupee were 90.2766 and 61.93 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.