The Reserve Bank of India’s Reference Rate for the US dollar is `56.2870 and the Reference Rate for Euro is `70.8160 on May 24, 2012. The corresponding rates for the previous day (May 23, 2012) were `55.9300 and `70.8770 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/1868