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RBI Reference Rate for US $ and Euro

February 27, 2008

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.73 and the Reference Rate for Euro is Rs.59.60 on February 27, 2008. The corresponding rates for the previous day (February 26, 2008) were Rs.39.91 and Rs.59.13 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

February 26, 2008

78.4431

36.99

February 27, 2008

78.9654

37.10

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 : 2007-2008/1131

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