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RBI Reference Rate for US $ and Euro

July 4, 2002

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.48.7900 and the Reference Rate for Euro is Rs.47.6500 on July 4, 2002. The corresponding rates for the previous day (July 3, 2002) were Rs.48.8100 and Rs.47.8800 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 3, 2002

74.6354

40.56

July 4, 2002

74.4755

40.5800

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: 2002-03/18

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