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RBI Reference Rate for US $ and Euro

March 27, 2006

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.6600 and the Reference Rate for Euro is Rs.53.7900 on March 27, 2006. The corresponding rates for the previous day (March 24, 2006) were Rs.44.6600 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

March 24, 2006

77.4784

37.86

March 27, 2006

78.0143

38.27

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 : 2005-2006/1230

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