<p>The present invention relates to a stable novel pseudomorph of Valaciclovir hydrochloride and the process for its preparation by the debenzylation of 2-[(2-Amino-l,6-dihydro-6-oxo-9H-purin-9-yl)methoxy]ethyl N- [(benzyloxy)carbonyl]L-valinate by bubbling hydrogen gas in presence of HCl, isolating the product in a mixture of ethanol and water followed by crystallization in aq.ethanol, drying under vacuum and allowing to adsorb moisture at ambient conditions.</p>