RBI Reference Rate for US $ & Euro

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.49 and the Reference Rate for Euro is Rs.55.76 on October 5, 2007. The corresponding rates for the previous day (October 4, 2007) were Rs.39.56 and Rs.55.76 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

October 4, 2007 80.3009 33.94

October 5, 2007 80.4115 33.88

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