July 10, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.7800 and the Reference Rate for Euro is Rs.48.4800 on July 10, 2002. The corresponding rates for the previous day (July 9, 2002) were Rs.48.8200 and Rs.48.2300 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 9, 2002	75.2414	41.11
July 10, 2002	75.6358	41.3700

Note : The reference rate is based on 12 noon rates of a few select banks Mumbai. The SDR-Rupee rate will be based on this rate.

P.V. Sadanandan
Manager

Press Release: 2002-03/38