March 11, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.6500 and the Reference Rate for Euro is Rs.52.5400 on March 11, 2003. The corresponding rates for the previous day (March 10, 2003 ) were Rs.47.6600 and Rs.52.5300 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
March 10, 2003	76.1750	40.80
March 11, 2003	76.3615	40.6600

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 : 2002-2003/942