RBI Reference Rate for US $ & Euro

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.64 and the Reference Rate for Euro is Rs.66.00 on May 16, 2008. The corresponding rates for the previous day (May 15, 2008) were Rs.42.40 and Rs.65.84 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:

                                Currency

Date                  1 GBP    100 YEN

May 15, 2008     82.5761    40.51

May 16, 2008     83.0030    40.74

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