Rupee gains 0.43% to 39.85/USD

The Indian Rupee gained 0.43% against the US Dollar on Nov. 28, 2007.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.68 on November 28 as against Rs 39.85 on the previous working day, i.e. November 27.

Similarly, the domestic currency depreciated 0.68% versus the Euro on the same day. The reference rate for Euro stood at Rs 58.81 on November 28 as against Rs 59.21 on the previous working day.

As revealed in the table below, the local currency appreciated 0.61% against the Great Britain Pound (GBP) and 0.54% against the Japanese Yen (taking into account 100 Yen).

Rupee Exchange Rate

Date	Currency
	1 GBP	100 YEN
November 27, 2007	82.6170	36.75
November 28, 2007	82.1138	36.55

Source: RBI

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. The exchange rates of GBP and Japanese Yen against the Rupee are based on the reference rate for US Dollar and middle rates of the cross currency quotes at 12 noon today.