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RBI Reference Rate for US $ and Euro

November 13, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.2800 and the Reference Rate for Euro is Rs.48.8300 on November 13, 2002. The corresponding rates for the previous day (November 12, 2002) were Rs.48.2700 and Rs.48.7300 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 12, 2002

76.5731

40.31

November 13, 2002

76.7290

40.3800

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 : 2002-03/498

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