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RBI Reference Rate for US $ and Euro
82010054

RBI Reference Rate for US $ and Euro


January 02,2004

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.5900 and the Reference Rate for Euro is Rs.57.3000 on January 02,2004. The corresponding rates for the previous day (January 01,2004) were Rs.45.6100 and Rs.57.4100 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 01,2004

81.5735

42.47

January 02,2004

81.2687

42.6400

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 : 2003-2004/812

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Date: Jan 02, 2004


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