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RBI Reference Rate for US $ and Euro

March 11 2008

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.47 and the Reference Rate for Euro is Rs.62.11 on March 11, 2008. The corresponding rates for the previous day (March 10, 2008) were Rs.40.67 and Rs.62.54 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 a re:

Date

Currency

1 GBP

100 YEN

March 10, 2008

82.0375

39.86

March 11, 2008

81.2719

39.64

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 : 2007-2008/1181

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