Small Businesses
Small Businesses are increasing their payrolls, but hours worked and wages earned are down slightly.Reuters

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 49.3180 rupees and the euro 65.3520 rupees.

The corresponding rates of dollar and euro for the previous day (February 10, 2012) were 49.6445 rupees and 65.7995 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 77.8435 as against 78.3539 on the previous day (February 10, 2012) and that of Japanese yen is 63.56 as against 63.94 the previous day.