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RBI Reference Rate for US $ and Euro

November 7, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.3200 and the Reference Rate for Euro is Rs.48.5400 on November 7, 2002. The corresponding rates for the previous day (November 6, 2002) were Rs.48.3200 and Rs.48.1800 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

November 6, 2002

75.4009

39.48

November 7, 2002

75.5676

39.6900

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 : 2002-03/481

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