March 16, 2006

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.4100 and the Reference Rate for Euro is Rs.53.5100 on March 16, 2006. The corresponding rates for the previous day (March 14, 2006) were Rs.44.4700 and Rs.53.2100 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:

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.

Ajit Prasad
Manager

Press Release : 2005-2006/1172