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FBIL sets rupee reference rate at 70.0656 against dollar

Assem Sharma

23 Aug 2018 17:28 IST

Updated On 23 Aug 2018 17:29 IST

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FBIL sets rupee reference rate at 70.0656 against dollar (file photo)

Financial Benchmarks India private limited (FBIL) on Thursday fixed the reference rate of the rupee at 70.0656 against the US dollar and 81.0486 for the euro. The corresponding rates were 69.6668 and 80.2478 on Wednesday.

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According to an FBIL statement, the exchange rates for the pound and the yen against the rupee were 90.2576 and 63.21 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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