16c. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: April 03, 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.	15, 1999		319	80	32		42	32	25	573	711	143	509	204	9

Mar.	16, 1999		255	145	29		51	57	30	473	609	135	472	194	33

Mar.	17, 1999		235	108	35		28	49	36	376	916	187	404	253	27

Mar.	18, 1999+

Mar.	19, 1999		323	110	50		37	54	37	670	626	81	427	216	77

	Sales
Mar.	15, 1999		322	100	34		30	35	29	605	829	101	492	396	9

Mar.	16, 1999		225	79	47		33	56	20	658	594	152	526	232	38

Mar.	17, 1999		221	81	42		11	47	29	423	936	156	439	235	28

Mar.	18, 1999+

Mar.	19, 1999		310	95	29		13	58	35	727	601	71	455	229	80

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