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RBI Reference Rate for US $ and Euro
82022612

RBI Reference Rate for US $ and Euro


January 07,2004

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.6300 and the Reference Rate for Euro is Rs.58.0700 on January 07,2004. The corresponding rates for the previous day (January 06,2004) were Rs.45.6200 and Rs.57.8800 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

January 06,2004

82.5631

42.99

January 07,2004

83.0694

42.9500

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.

N.S.D. Lobo
Asst. Manager

Press Release : 2003-2004/832


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