19. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: November 29, 2003


(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-
PositionDate				lation				lation

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

Purchases

Nov.	3, 2003	470	368	25		24	48	11	913		1800	29	513	236	16

Nov.	4, 2003	495	192	21		42	38	52	997		1594	28	523	227	12

Nov.	5, 2003	435	190	46		63	35	18	936		1490	45	383	228	12

Nov.	6, 2003	455	328	11		32	35	40	1125		1352	47	387	149	1

Nov.	7, 2003	569	234	118		45	45	87	933		1338	41	404	202	14

Sales

Nov.	3, 2003	445	135	125		42	39	12	1093		1553	84	516	301	26

Nov.	4, 2003	410	189	128		45	40	71	845		1385	59	496	261	11

Nov.	5, 2003	390	227	139		40	35	19	804		1367	55	412	273	11

Nov.	6, 2003	365	131	115		35	33	29	1433		1191	63	396	125	13

Nov.	7, 2003	394	142	161		33	52	77	992		1173	48	405	171	16

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.