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RBI Reference Rate for US $ and Euro

June 24,2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.5600 and the Reference Rate for Euro is Rs.52.4200 on June 24,2005. The corresponding rates for the previous day (June 23,2005) were Rs.43.5300 and Rs.52.7400 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 23,2005

79.2551

40.04

June 24,2005

79.1246

39.96

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 : 2004-2005/1361

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