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RBI Reference Rate for US $ and Euro

August 6, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.6800 and the Reference Rate for Euro is Rs.47.5800 on August 6, 2002. The corresponding rates for the previous day (August 5, 2002) were Rs.48.6400 and Rs.47.8300 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

August 5, 2002

76.1848

40.78

August 6, 2002

75.8021

40.5900

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: 2002-03/135

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