19. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: October 02, 2004

(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
Sep.	6, 2004	332	112	40	36	86	45	524	1,113	69	375	92	25
Sep.	7, 2004	469	181	24	40	61	92	734	1,258	132	611	183	9
Sep.	8, 2004	546	262	28	22	76	81	836	1,794	121	673	158	9
Sep.	9, 2004	600	142	51	22	123	91	871	1,579	81	752	204	28
Sep.	10, 2004	548	186	91	29	63	73	999	1,314	82	731	130	8
Sales
Sep.	6, 2004	352	161	81	44	73	29	484	1,007	56	390	86	23
Sep.	7, 2004	564	102	90	51	60	90	725	1,340	151	599	326	1
Sep.	8, 2004	479	208	86	41	62	77	808	1,474	120	715	191	9
Sep.	9, 2004	412	200	156	59	110	115	832	1,588	105	728	224	24
Sep.	10, 2004	544	195	181	31	58	86	909	1,313	93	731	272	5
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.