FBIL sets rupee reference rate at 69.7696 against dollar

The Financial Benchmarks India private limited (FBIL) today fixed the reference rate of the rupee at 69.7696 against the US dollar and 79.6997 for the euro. The corresponding rates were 69.4685 and 79.1876, yesterday.

According to an FBI statement, the exchange rates for the pound and the yen against the rupee were 89.2311 and 62.90 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee figure will be based on this rate, the statement added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)