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RBI Reference Rate for US $ and Euro

September 13, 2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.8800 and the Reference Rate for Euro is Rs.53.9200 on September 13, 2005. The corresponding rates for the previous day (September 12, 2005) were Rs.43.8200 and Rs.54.0500 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 12, 2005

80.3440

39.96

September 13, 2005

79.8901

39.69

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 : 2005-2006/322

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