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RBI Reference Rate for US $ and Euro

January 30, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.8200 and the Reference Rate for Euro is Rs.51.7900 on January 30, 2003. The corresponding rates for the previous day (January 29, 2003 ) were Rs.47.8600 and Rs.52.0400 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are:

Date

Currency

1 GBP

100 YEN

January 29, 2003

78.8757

40.58

January 30, 2003

78.7380

40.3300

Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate will be based on this rate.

P. V. Sadanandan
Manager

Press Release : 2002-2003/801

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