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RBI Reference Rate for US $ and Euro

August 19,2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.5800 and the Reference Rate for Euro is Rs.53.0100 on August 19,2005. The corresponding rates for the previous day (August 18,2005) were Rs.43.5600 and Rs.53.4700 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

August 18,2005

78.6280

39.56

August 19,2005

78.0845

39.45

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 : 2005-2006/226

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