Foreign

1998

1999

1998

1999

Currency

Nov. 6

Nov. 1

Nov. 2

Nov. 3

Nov. 4

Nov. 5

Nov. 6

Nov. 1

Nov. 2

Nov. 3

Nov. 4

Nov. 5

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@

42.3300

43.3800

43.4100

43.4000

43.4200

43.4300

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.3150

43.3750

43.4050

43.3850

43.4100

43.4200

2.3624

2.3052

2.3036

2.3041

2.3031

2.3026

Dollar

Selling

42.3250

43.3850

43.4150

43.3950

43.4200

43.4300

Pound

{ Buying

70.3475

71.3075

71.3625

71.4600

71.4000

70.5525

1.4206

1.4022

1.4010

1.3988

1.4003

1.4167

Sterling

Selling

70.4075

71.3475

71.3925

71.5200

71.4600

70.6050

Euro

{ Buying

50.4400 $

45.7050

45.6875

45.6375

45.5450

45.1050

1.9798 $

2.1868

2.1885

2.1897

2.1938

2.2154

Selling

50.5800 $

45.7225

45.7425

45.6775

45.5775

45.1250

100 Yen

{ Buying

35.8275

41.6225

41.3375

41.7600

41.4800

41.3525

278.94

240.24

241.73

239.23

241.02

241.68

Selling

35.8650

41.6525

41.3875

41.7900

41.5100

41.3925

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

1-month

4.25

4.15

4.15

3.87

4.15

4.14

3-month

6.33

4.61

4.61

4.61

4.70

4.70

6-month

7.32

4.98

4.98

4.93

4.97

4.93

@

:

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.

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.