FBIL sets rupee reference rate at 72.3796 against dollar

The Financial Benchmarks India Private Limited (FBIL) on Tuesday fixed the reference rate of the rupee at 72.3796 against the US dollar and 84.7657 for the euro.

The corresponding rates were 72.5505 and 84.3985, on Monday.

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According to an FBIL statement, the exchange rates for the pound and the yen against the rupee were 95.2897 and 64.59 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.