16c. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: May 01, 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
Mar.	30, 1999		694	136	208	25	57	44	654	1,151	190	345	402	36
Mar.	31, 1999		642	148	78	26	60	46	513	1,080	93	343	216	22
Apr.	1, 1999	*
Apr.	2, 1999	+
Apr.	5, 1999		461	98	37	47	58	49	497	795	109	298	209	37
Apr.	6, 1999		301	116	37	40	29	44	838	916	92	329	162	15
Apr.	7, 1999		261	55	31	79	38	36	797	873	57	400	291	44
Apr.	8, 1999		210	51	20	37	44	15	520	793	72	360	286	31
Apr.	9, 1999		268	56	21	42	22	21	654	651	95	463	164	28
Sales
Mar.	30, 1999		621	173	80	18	59	74	719	1,181	127	353	419	34
Mar.	31, 1999		593	135	70	15	60	57	542	1,169	81	370	236	29
Apr.	1, 1999	*
Apr.	2, 1999	+
Apr.	5, 1999		361	172	18	29	61	45	507	933	97	317	238	35
Apr.	6, 1999		237	219	39	15	25	39	838	1,001	90	319	164	16
Apr.	7, 1999		215	179	16	31	38	26	746	892	87	418	291	44
Apr.	8, 1999		221	114	9	21	43	22	495	911	68	398	122	32
Apr.	9, 1999		303	84	20	14	19	28	585	733	80	467	171	29

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