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RBI Reference Rate for US $ and Euro

March 25, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.6500 and the Reference Rate for Euro is Rs.50.9600 on March 25, 2003. The corresponding rates for the previous day (March 24, 2003 ) were Rs.47.6600 and Rs.50.6100 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 24, 2003

74.7047

39.42

March 25, 2003

75.1726

39.8500

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 : 2002-2003/993

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