March 19, 2003

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.6700 and the Reference Rate for Euro is Rs.50.6600 on March 19, 2003. The corresponding rates for the previous day (March 17, 2003 ) were Rs.47.6600 and Rs.51.6000 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 17, 2003	75.6769	40.45
March 19, 2003	74.5106	40.1500

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 : 2002-2003/972