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RBI Reference Rate for US $ and Euro

September 23, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.4200 and the Reference Rate for Euro is Rs.47.4900 on September 23, 2002. The corresponding rates for the previous day (September 20, 2002) were Rs.48.4500 and Rs.47.6500 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

September 20, 2002

75.2453

39.46

September 23, 2002

75.2156

39.3800

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 : 2002-03/317

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