The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.33 and the Reference Rate for Euro is Rs.65.46 on May 14, 2008. The corresponding rates for the previous day (May 13, 2008) were Rs.42.16 and Rs.65.54 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

May 13, 2008       82.2879      40.65

May 14, 2008       82.3170      40.36

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. 

Sourced From: Reserve Bank of India