International Business Times
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By Siddharthan Meganathan | November 3, 2010 17:16 GMT

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for euro at 62.11 rupees and the reference rate for the U.S. dollar at 44.36 rupees.

The corresponding rates were 61.92 rupees per euro and 44.43 rupees per U.S. dollar respectively as against to the previous date on November 2, 2010.

The exchange rates of pound and Japanese yen against to the Indian rupee is 71.0980 rupees per pound and 55.00 rupees per 100 yen, respectively.

The corresponding rates were 71.3724 rupees per pound and 55.16 rupees per 100 yen respectively as against to the previous date on November 2, 2010.

The reference rates are based on 12 noon rates of a few select banks in Mumbai and the special drawing rights-rupee rate rate will be based on this rate, a RBI press release showed on Wednesday.

(Photo: Reuters / Sam Mircovich)
A U.S. $100 dollar bill is seen December 17, 2009.
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