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RBI Reference Rate for US $ and Euro

March 14, 2006

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.4700 and the Reference Rate for Euro is Rs.53.2100 on March 14, 2006. The corresponding rates for the previous day (March 13, 2006) were Rs.44.5300 and Rs.53.1600 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

March 13, 2006

76.9323

37.46

March 14, 2006

77.1443

37.53

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.

Ajit Prasad
Manager

Press Release : 2005-2006/1165

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