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RBI Reference Rate for US $ and Euro

February 24, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.7100 and the Reference Rate for Euro is Rs.51.1800 on February 24, 2003. The corresponding rates for the previous day (February 21, 2003 ) were Rs.47.7400 and Rs.51.6500 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

February 21, 2003

76.0594

40.31

February 24, 2003

75.2912

40.2100

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 : 2002-03/884

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