July 30, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.7300 and the Reference Rate for Euro is Rs.47.7300 on July 30, 2002. The corresponding rates for the previous day (July 29, 2002) were Rs.48.7000 and Rs.48.1000 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 29, 2002	76.2520	40.86
July 30, 2002	76.1138	40.5500

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.

N.S.D. Lobo
Asst. Manager

Press Release: 2002-03/107