RBI fixes reference rate at Rs 49.77 per USD

Mumbai, Oct 29 (UNI) The Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 49.77 per unit, down by 32 paise, against Monday's rate of Rs 50.09 per dollar.

However, the reference rate for Euro rose by Rs 60 paise to Rs 63.36 per unit from its last close of Rs 62.76 per unit, an RBI release said.

The exchange rates for Pound and Japanese Yen against the Rupee were quoted at Rs 79.7888 (Rs 78.6163) per Pound and Rs 51.33 (Rs 53.72) per 100 units of Yen, the release added.

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