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RBI Reference Rate for US $ and Euro

March 13, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.6600 and the Reference Rate for Euro is Rs.51.8400 on March 13, 2003. The corresponding rates for the previous day (March 12, 2003 ) were Rs.47.6600 and Rs.52.5300 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

March 12, 2003

76.5396

40.57

March 13, 2003

76.4443

40.3600

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 : 2002-2003/955

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