Euro/dollar likely to extend multi-month lows
Stacks of Swiss franc, Euro and U.S. dollar banknotes are displayed in a bank in Bern in August 2011.Reuters

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 48.9150 rupees and the euro 64.1188 rupees.

The corresponding rates of dollar and euro for the previous day (February 6, 2012) were 48.6790 rupees and 63.5678 rupees respectively.

Based on the reference rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of British pound as against the rupee is 77.3053 as against 76.7522 on the previous day (February 6, 2012) and that of Japanese yen is 63.79 as against 63.46 the previous day.