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RBI Reference Rate for US $ and Euro

June 30,2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.5100 and the Reference Rate for Euro is Rs.52.6800 on June 30,2005. The corresponding rates for the previous day (June 29,2005) were Rs.43.5500 and Rs.52.4400 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 29,2005

79.0367

39.54

June 30,2005

78.7509

39.51

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 : 2004-2005/1389

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