The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.40 and the Reference Rate for Euro is Rs.65.84 on May 15, 2008. The corresponding rates for the previous day (May 14, 2008) were Rs.42.33 and Rs.65.46 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 14, 2008    82.3170      40.36

May 15, 2008    82.5761      40.51

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