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FBIL sets rupee reference rate at 70.0366 against dollar

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Assem Sharma
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FBIL sets rupee reference rate at 70.0366 against dollar

FBIL sets rupee reference rate at 70.0366 against dollar (file photo)

The Financial Benchmarks India private limited (FBIL) on Monday fixed the reference rate of the rupee at 70.0366 against the US dollar and 81.3032 for the euro. The corresponding rates were 70.1377 and 81.1699 as on Friday August 24.

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According to an FBIL statement, the exchange rates for the pound and the yen against the rupee were 89.9541 and 63.07 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.

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