RBI fixes reference rate at Rs 48.62 per USD

Mumbai, Nov 4 (UNI) The Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 48.62 per unit, down by 34 paise, against its yesteday's rate of Rs 48.96 per dollar.

The reference rate for Euro also slid by Re 1.78 to Rs 61.30 per unit from its last close of Rs 63.08 per unit, an RBI release said.

The exchange rates for Pound and Japanese Yen against the Rupee were quoted low at Rs 76.7199 (Rs 80.2675) per Pound and Rs 49.17 (Rs 49.16) per 100 units of Yen, the release added.

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