The Reserve Bank of India’s Reference Rate for the US dollar is `48.9408 and the Reference Rate for Euro is `65.9375 on February 29, 2012. The corresponding rates for the previous day (February 28, 2012) were `49.1430 and `66.0625 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 : 2011-2012/1387