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 Friday fixed the reference rate for the US dollar at 50.3288 rupees and the euro 65.3070 rupees.

The corresponding rates of dollar and euro for the previous day (January 19, 2012) were 50.2890 rupees and 64.6664 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 77.9694 as against 77.6010 on the previous day (January 19, 2012) and that of Japanese yen is 65.27 as against 65.53 the previous day.