November 18, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.2000 and the Reference Rate for Euro is Rs.48.7000 on November 18, 2002. The corresponding rates for the previous day (November 15, 2002) were Rs.48.2300 and Rs.48.4300 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 15, 2002	76.1769	39.98
November 18, 2002	76.2018	39.8700

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: 2002-03/521