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RBI Reference Rate for US $ and Euro

February 4, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.7800 and the Reference Rate for Euro is Rs.51.4800 on February 4, 2003. The corresponding rates for the previous day (February 3, 2003 ) were Rs.47.7800 and Rs.51.3100 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

February 3, 2003

78.6554

39.73

February 4, 2003

78.5575

39.8000

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 : 2002-2003/822

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