RBI bans Kotak Mahindra Bank from on boarding new online customers
However, the RBI (Reserve Bank of India) said the bank shall continue to provide services to its existing customers, including its credit card customers.
The Reserve Bank of India on Tuesday fixed the reference rate of the Rupee at 64.4672 against the US Dollar and 71.9583 for the Euro.
The corresponding rates were 64.3788 and 72.1043, as on 19 June.
According to an RBI statement, the exchange rates for the pound and the Yen against the Rupee were 82.1506 and 57.80 per 100 Yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.
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The SDR-Rupee figure will be based on this rate, the statement added
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