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RBI Reference Rate for US $ and Euro

June 21,2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.6100 and the Reference Rate for Euro is Rs.52.9300 on June 21,2005. The corresponding rates for the previous day (June 20,2005) were Rs.43.5400 and Rs.53.2200 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

June 20,2005

79.5062

40.05

June 21,2005

79.4901

39.88

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 : 2004-2005/1342

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