RBI fixes reference rate at Rs 48.96 per USD

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Mumbai, Nov 3 (UNI) The Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 48.96 per unit, down by 29 paise, against Friday's rate of Rs 49.25 per dollar.

However, the reference rate for Euro inched up by Rs 24 paise to Rs 63.08 per unit from its last close of Rs 62.84 per unit, an RBI release said.

The exchange rates for Pound and Japanese Yen against the Rupee were quoted low at Rs 80.2675 (Rs 80.3686) per Pound and Rs 49.16 (Rs 50.42) per 100 units of Yen, the release added.


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