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RBI Reference Rate for US $ and Euro

October 30, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.3900 and the Reference Rate for Euro is Rs.47.5400 on October 30, 2002. The corresponding rates for the previous day (October 29, 2002) were Rs.48.4500 and Rs.47.6800 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 29, 2002

75.5408

39.23

October 30, 2002

75.3142

39.2900

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.

P.V. Sadanandan
Manager

Press Release : 2002-03/452

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