Foreign

1998

1999

1998

1999

Currency

Mar. 20

Mar. 15

Mar. 16

Mar. 17

Mar. 18+

Mar. 19

Mar. 20

Mar. 15

Mar. 16

Mar. 17

Mar. 18+

Mar. 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 @

39.5400

42.4200

42.4100

42.4200

42.4000

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.5300

42.4150

42.4000

42.4150

42.4000

2.5291

2.3574

2.3579

2.3574

2.3585

Dollar

Selling

39.5400

42.4250

42.4100

42.4250

42.4100

Pound

{ Buying

65.7175

69.0175

68.6875

69.0725

69.0875

1.5106

1.4481

1.4551

1.4480

1.4474

Sterling

Selling

65.7750

69.0775

68.7475

69.1100

69.1250

Euro

{ Buying

50.4400 $

46.2575

45.9075

46.5800

46.5475

1.9798 $

2.1607

2.1745

2.1479

2.1476

Selling

50.5800 $

46.3100

45.9350

46.6075

46.5800

100 Yen

{ Buying

30.3650

35.8350

36.0250

35.7025

36.1250

329.48

278.94

277.46

279.89

276.65

Selling

30.3975

35.8750

36.0625

35.7425

36.1500

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

1-month

8.19

8.49

8.77

8.20

7.08

3-month

7.99

7.64

7.73

7.26

6.98

6-month

8.14

7.36

7.36

7.26

7.12

@ : 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.

$ : These rates are as on January 4, 1999.

+ : Market closed.

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

2. With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.