The Indian Rupee dropped against the US Dollar on Jan. 21, 2008.
The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.38 on January 21, as against Rs 39.27 on the previous day`s close i.e. Jan. 18, 2008.
On the other hand, the domestic currency appreciated 0.42% versus the Euro on the same day. The reference rate for Euro stood at Rs 57.27 on Jan. 21, 2008, as against Rs 57.51 on Jan. 18, 2008.
As revealed in the table below, the local currency appreciated 0.55% against the Great Britain Pound (GBP), but weakened 0.76% against the Japanese Yen (taking into account 100 Yen).
| Date | Currency | |
| 1 GBP | 100 YEN | |
| January 18, 2008 | 77.3364 | 36.64 |
| January 21, 2008 | 76.9091 | 36.92 |
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.
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