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RBI Reference Rate for US $ and Euro

July 2, 2008

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.34 and the Reference Rate for Euro is Rs.68.54 on July 2, 2008. The corresponding rates for the previous day (July 01, 2008) were Rs. 43.27 and Rs.68.24 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

July 01, 2008

86.2890

40.98

July 02, 2008

86.5391

40.86

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 : 2008-2009/7

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