16c. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: January 02, 1999

														(US$ Million)

	Merchant								Inter-bank
	FCY/INR				FCY/FCY				FCY/INR				FCY/FCY
	Spot	Forward	Forward	Spot		Forward	Forward	Spot		Swap	Forward	Spot		Swap	Forward
			Cancel-				Cancel-
Position Date			lation				lation

1	2	3	4	5		6	7	8		9	10	11		12	13

Purchases
Dec. 14, 1998	357	80	40	22		44	21	463		661	52	323		168	13
Dec. 15, 1998	204	32	31	14		73	62	414		430	86	405		112	27
Dec. 16, 1998	183	34	38	11		75	69	268		415	32	403		106	18
Dec. 17, 1998	233	46	79	13		79	35	385		359	48	473		159	20
Dec. 18, 1998	224	61	47	4		73	30	402		575	34	381		126	6

Sales
Dec 14, 1998	370	115	19	11		39	21	439		484	65	349		335	13
Dec. 15, 1998	232	106	17	4		73	15	341		457	76	416		116	27
Dec. 16, 1998	189	91	28	5		76	25	239		320	37	413		105	31
Dec. 17, 1998	242	115	17	11		76	84	359		353	53	544		150	20
Dec. 18, 1998	199	128	20	3		73	25	389		564	39	350		156	5
FCY : Foreign Currency INR : Indian Rupees Note : Data relate to sales and purchases of foreign exchange on account ofmerchant and inter-bank transactions.