Foreign

1998

1999

1998

1999

Currency

Jul. 3

Jun. 28

Jun. 29

Jun. 30

Jul. 1

Jul. 2

Jul. 3

Jun. 28

Jun. 29

Jun. 30

Jul. 1

Jul. 2

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@

42.4900

43.3600

43.3600

43.3600

43.3800

43.3800

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.4750

43.3500

43.3600

43.3500

43.3750

43.3700

2.3535

2.3063

2.3063

2.3063

2.3052

2.3052

Dollar

Selling

42.4950

43.3600

43.3700

43.3600

43.3850

43.3800

Pound

{ Buying

70.4950

68.7400

68.5100

68.1775

68.4925

68.3500

1.4178

1.4541

1.4590

1.4653

1.4596

1.4623

Sterling

Selling

70.5625

68.8000

68.5675

68.2150

68.5300

68.4025

Euro

{ Buying

50.4400 $

45.1400

44.8475

44.7675

44.9700

44.3850

1.9798 $

2.2144

2.2286

2.2313

2.2223

2.2509

Selling

50.5800 $

45.1800

44.8800

44.7900

45.0000

44.4375

100 Yen

{ Buying

30.4600

35.7725

35.7100

35.8475

35.8975

35.8250

328.03

279.37

279.86

278.88

278.38

278.86

Selling

30.4950

35.8225

35.7600

35.8700

35.9200

35.8475

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

1-month

9.88

4.70

4.98

4.98

4.70

4.43

3-month

9.51

5.26

5.26

5.26

5.16

4.89

6-month

9.93

5.30

5.40

5.30

5.30

5.16

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.