March 23, 2006

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.5500 and the Reference Rate for Euro is Rs.53.7300 on March 23, 2006. The corresponding rates for the previous day (March 22, 2006) were Rs.44.4700 and Rs.53.7600 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 : 2005-2006/1210