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RBI Reference Rate for US $ and Euro

October 23, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.3700 and the Reference Rate for Euro is Rs.47.2900 on October 23, 2002. The corresponding rates for the previous day (October 22, 2002) were Rs.48.3600 and Rs.47.0600 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

October 22, 2002

74.6485

38.61

October 23, 2002

74.7462

38.8900

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 : 2002-03/421

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