April 08,2004

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.6200 and the Reference Rate for Euro is Rs.53.1900 on April 08,2004. The corresponding rates for the previous day (April 07,2004) were Rs.43.5600 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
April 07,2004	79.9653	41.17
April 08,2004	80.4440	41.29

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 : 2003-2004/1197