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RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.51.75 and the Reference Rate for Euro is Rs.65.19 on March 2, 2009. The corresponding rates for the previous day (February 27, 2009) were Rs.50.73 and Rs.64.57 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 27, 2009
72.5236
51.84
March 2, 2009
73.7256
53.10
 

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: 2008-2009/1407

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