16c. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: March 20, 1999


													(US$ Million)

		Merchant						Inter-bank
		FCY/ INR			FCY/ FCY			FCY / INR			FCY/FCY

		Spot	Forward	Forward Cancel- lation	Spot	Forward	Forward Cancel- lation	Spot	Swap	Forward	Spot	Swap		Forward

Position Date

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

Purchases
Mar.	1, 1999	465	97	39	35	40	44	607	972	185	397	188		36

Mar.	2, 1999⁺

Mar.	3, 1999	346	93	48	27	33	31	670	752	112	367	201		25

Mar.	4, 1999	256	166	15	19	58	40	463	940	140	395	218		37

Mar.	5, 1999	225	78	34	12	47	33	348	701	89	355	196		9

	Sales
Mar.	1, 1999	431	202	31	17	41	53	572	1,007	184	420	191		36

Mar.	2, 1999⁺

Mar.	3, 1999	262	224	49	15	33	26	612	768	123	365	190		25

Mar.	4, 1999	250	190	20	15	59	37	434	968	140	430	229		36

Mar.	5, 1999	237	83	19	8	47	26	336	711	97	358	191		9

FCY : Foreign Currency					INR : Indian Rupees.
Note :	Data relate to sales and purchases of foreign exchange on account of merchant and inter-bank transactions.
+ :	Market closed.