RBI fixes reference rate at Rs 49.95 per USD

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Mumbai, Oct 24 (UNI) The Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 49.95 per unit, strengthened by 16 paise, against yesterday's rate of Rs 49.79 per dollar.

However, the reference rate for Euro fell by Rs 26 paise to Rs 63.65 per unit from its last close of Rs 63.91 per unit, an RBI release said.

The exchange rates for Pound and Japanese Yen against the Rupee were quoted at Rs 79.5679 (81.2747) per Pound and Rs 52.56 (50.81) per 100 units of Yen, it added.

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