August 31,2005

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.0400 and the Reference Rate for Euro is Rs.53.8000 on August 31,2005. The corresponding rates for the previous day (August 30,2005) were Rs.44.0200 and Rs.53.7900 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 : 2005-2006/269