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RBI Reference Rate for US $ and Euro

June 23,2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.5300 and the Reference Rate for Euro is Rs.52.7400 on June 23,2005. The corresponding rates for the previous day (June 22,2005) were Rs.43.5000 and Rs.53.0100 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

June 22,2005

79.5854

40.11

June 23,2005

79.2551

40.04

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 : 2004-2005/1355

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