India - Bombay Urban Transport Project

FILE COPY Document of The World Bank FOR OFFICIAL USE ONLY Report No. P-1898-IN REPORT AND RECOMMENDATIONS OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE BOMBAY METROPOLITAN REGION DEVELOPMENT AUTHORITY FOR AN URBAN TRANSPORT PROJECT October 13, 1976 This document hus a restricted distribution and may be used by recipients only in the performance of 0 their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY-EQUIVALENTS (at at May 4i 1976) Re 1.oo0- Paise io0 US$1.00 - Re 8.97 Re 1.00 - tS$(.iii5 Re 1 millidn us$iii,soo (Prior to SdptAmfbr 24i l975i the Rupee wae offidia1ly va1Ued at a fixed Poufid Sterl-ing rate. Since thuin it hna bdfi fiked re; i&tive to a "b&gkct! odf iuenU&s. As th&ee Gurrencies are how flodatifig, the U.S. bo1lat/Rup&e Xdh1iAg6 frte is