16c. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: October 03, 1998

													(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
Sept. 14, 1998		274	57	48		38	111	76	491	597	63	750	237	51
Sept. 15, 1998		161	53	55		57	182	72	255	394	50	1,002	192	39
Sept. 16, 1998		158	72	31		115	121	110	338	691	36	1,069	224	15
Sept. 17, 1998		178	57	65		74	192	101	460	543	76	1,225	287	21
Sept. 18, 1998		220	52	78		48	124	107	336	555	96	1,029	181	14

Sales
Sept. 14, 1998		303	62	42		39	93	87	486	653	63	839	207	54
Sept. 15, 1998		158	95	25		58	107	248	266	418	44	926	266	39
Sept. 16, 1998		203	79	32		115	71	111	302	686	55	1,154	240	15
Sept. 17, 1998		236	95	31		74	150	164	417	555	75	1,268	275	19
Sept. 18, 1998		173	109	30		49	55	127	379	599	85	1,019	150	14
FCY : Foreign Currency INR : Indian Rupees
Note : Data relate to sales and purchases of foreign exchange on account of merchant and inter-bank transactions.