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 Thursday fixed the reference rate for the US dollar at 49.1288 rupees and the euro 64.7480 rupees.

The corresponding rates of dollar and euro for the previous day (February 1, 2012) were 49.5325 rupees and 64.6569 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 77.8495 as against 77.9493 on the previous day (February 1, 2012) and that of Japanese yen is 64.54 as against 65.00 the previous day.