16c. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: September 26, 1998

Position Date	Merchant						Inter-Bank
(US$ Million)
	FCY/INR			FCY/FCY			FCY/INR			FCY/FCY
	Spot	Forward	Forward Cancellation	Spot	Forward	Forward Cancellation	Spot	Swap	Forward	Spot	Swap	Forward
1	2	3	4	5	6	7	8	9	10	11	12	13
Purchases
Sept. 7, 1998	195	77	50	24	178	53	364	492	76	1,208	194	37
Sept. 8, 1998	151	67	24	28	72	63	294	773	68	1,056	248	38
Sept. 9, 1998	203	33	35	85	106	87	240	605	56	1,198	167	13
Sept. 10, 1998	220	58	56	49	79	67	422	642	60	1,298	196	30
Sept. 11, 1998	193	54	36	59	98	65	408	615	55	1,082	173	69
Sales
Sept. 7, 1998	239	92	42	24	94	143	362	506	64	1,226	200	35
Sept. 8, 1998	207	97	62	28	58	99	274	805	59	1,032	275	37
Sept. 9, 1998	174	74	58	76	90	94	221	599	66	1,248	160	13
Sept. 10, 1998	238	115	30	49	80	142	378	701	72	1,249	204	28
Sept. 11, 1998	265	86	38	55	90	81	359	658	45	1,106	170	69
FCY: Foreign Currency. INR: Indian Rupees. Note: Data relate to sales and purchases of foreign exchange on account of merchant and inter-bank transactions.