Foreign

1998

1999

1998

1999

Currency

Jul. 10

Jul. 5

Jul. 6

Jul. 7

Jul. 8

Jul. 9

Jul. 10

Jul. 5

Jul. 6

Jul. 7

Jul. 8

Jul. 9

1

2

3

4

5

6

7

8

9

10

11

12

13

14

RBI's Reference Rate (Rs. per U.S. Dollar)

Foreign Currency per Rs. 100@

42.4700

43.2800

43.2800

43.2900

43.3600

43.3900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.4600

43.2750

43.2700

43.2800

43.3600

43.3900

2.3546

2.3105

2.3105

2.3100

2.3063

2.3047

Dollar

Selling

42.4800

43.2850

43.2800

43.2900

43.3700

43.4000

Pound

{ Buying

69.2300

68.2275

68.0625

67.5775

67.5325

67.6375

1.4435

1.4645

1.4682

1.4792

1.4802

1.4780

Sterling

Selling

69.3050

68.2875

68.1225

67.6375

67.5700

67.6725

Euro

{ Buying

50.4400 $

44.2875

44.1000

44.3700

44.1925

44.4000

1.9798 $

2.2570

2.2658

2.2505

2.2624

2.2522

Selling

50.5800 $

44.3200

44.1375

44.4100

44.2250

44.4250

100 Yen

{ Buying

29.9975

35.3275

35.4300

35.4350

35.4250

35.3950

332.88

282.93

282.11

282.01

282.28

282.47

Selling

30.0200

35.3625

35.4525

35.4725

35.4425

35.4175

Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)

1-month

5.93

3.88

3.88

3.88

4.15

3.87

3-month

7.82

4.53

4.25

4.44

4.43

4.42

6-month

8.81

4.90

4.76

4.85

4.84

4.79

@ :

These rates are based on RBI Reference rate for US dollar and middle rates of cross-currency quotes. These rates are announced by RBI with effect from January 29, 1998.

$ :

These rates are as on January 4, 1999.

Note :

1. The unified exchange rate system came into force on March 1, 1993.

2. With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.