Foreign

1999

2000

1999

2000

Currency

May 21

May 15

May 16

May 17

May 18+

May 19

May 21

May 15

May 16

May 17

May 18+

May 19

1

2

3

4

5

6

7

8

9

10

11

12

13

14

RBI's Reference Rate (Rs. per U.S. Dollar)

Foreign Currency per Rs. 100@

42.7500

44.0300

43.9700

43.9700

43.9800

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.7500

43.9850

43.9700

43.9600

43.9700

2.3392

2.2712

2.2743

2.2743

2.2738

Dollar

Selling

42.7600

43.9950

43.9800

43.9700

43.9750

Pound

{ Buying

68.7075

66.7525

66.0175

65.7125

64.9625

1.4553

1.4968

1.5181

1.5207

1.5392

Sterling

Selling

68.7675

66.7975

66.0525

65.7700

65.0050

Euro

{ Buying

45.3150

40.3550

39.9325

39.6425

39.3000

2.2062

2.4763

2.5039

2.5235

2.5441

Selling

45.3550

40.3875

39.9650

39.6750

39.3175

100 Yen

{ Buying

34.5075

40.4600

40.3400

40.2750

40.6200

289.79

246.92

247.98

248.09

246.16

Selling

34.5275

40.4875

40.3600

40.3025

40.6600

Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)

1-month

4.21

2.18

2.18

2.18

2.18

3-month

4.68

2.27

2.18

2.00

2.00

6-month

5.10

2.45

2.37

2.23

2.27

@

: These rates are based on RBI Reference rate for US dollar and middle rates of cross-currency quotes. These rates are announced by RBI with effect from January 29, 1998.

+

: Market closed.

Note : The unified exchange rate system came into force on March 1, 1993.