  The Richardson variety $X_w^v$ is defined to be the intersection of the
Schubert variety $X_w$ and the opposite Schubert variety $X^v$. For $X_w^v$ in
the Grassmannian, we obtain a standard monomial basis for the homogeneous
coordinate ring of $X_w^v$. We use this basis first to prove the vanishing of
$H^i(X_w^v,L^m)$, $i > 0 $, $m \geq 0$, where $L$ is the restriction to $X_w^v$
of the ample generator of the Picard group of the Grassmannian; then to
determine a basis for the tangent space and a criterion for smoothness for
$X_w^v$ at any $T$-fixed point $e_\t$; and finally to derive a recursive
formula for the multiplicity of $X_w^v$ at any $T$-fixed point $e_\t$. Using
the recursive formula, we show that the multiplicity of $X_w^v$ at $e_\t$ is
the product of the multiplicity of $X_w$ at $e_\t$ and the multiplicity of
$X^v$ at $e_\t$. This result allows us to generalize the Rosenthal-Zelevinsky
determinantal formula for multiplicities at $T$-fixed points of Schubert
varieties to the case of Richardson varieties.
