The Reserve Bank of India on Monday fixed the reference rate for the dollar at Rs 48.68 against the previous rate of Rs 48.27 on Friday.
The corresponding exchange rate for the euro was Rs 68.77 (Rs 68.89) and that for the UK pound was 79.8133 (Rs 79.9930). The reference rate for the Japanese currency was Rs 51.50 (Rs 50.63) for 100 yen. T
The reference rate is based on 12 noon rates of a few select banks in Mumbai.