RBI fixes reference rate at Rs 48.86 per USD

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Mumbai, Oct 16 (UNI) The Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 48.86 per unit, up by 43 paise, against yesterday's rate of Rs 48.43 per dollar.

The reference rate for Euro eased by 40 paise at Rs 65.51 per unit from it last close of Rs 65.91 per unit, a RBI release said.

The exchange rates for Pound and Japanese Yen against the Rupee were quoted at Rs 84.2224 (84.5467) per Pound and Rs 48.86 (47.64) per 100 units of Yen, it added.


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