July 19, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.7400 and the Reference Rate for Euro is Rs.49.5500 on July 19, 2002. The corresponding rates for the previous day (July 18, 2002) were Rs.48.7800 and Rs.49.1000 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
July 18, 2002	76.4724	41.83
July 19, 2002	77.1164	42.0600

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 : 2002-03/71