April 05,2004

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.6700 and the Reference Rate for Euro is Rs.52.7800 on April 05,2004. The corresponding rates for the previous day (April 02,2004) were Rs.43.7700 and Rs.53.9600 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
April 02,2004	81.0117	41.98
April 05,2004	79.7130	41.64

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.

N.S.D. Lobo
Asst. Manager

Press Release : 2003-2004/1182