RBI fixes reference rate at Rs 49.85 per USD

Mumbai, Nov 26 (UNI) The Reserve Bank of India (RBI) today fixed the reference rate for US dollar at Rs 49.85 per unit, down by 12 paise, against its yesterday's rate of Rs 49.97 per dollar.

However, the reference rate for Euro rose by 47 paise to Rs 64.68 per unit from its last close of Rs 64.21 per unit, an RBI release said.

The exchange rates for Pound and Japanese Yen against the rupee were quoted at Rs 76.6070 (Rs 75.4522) per Pound and Rs 52.49 (Rs 51.87) per 100 units of Yen, the release added.

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