6. Foreign Exchange Rates - Spot and Forward Premia - RBI - Reserve Bank of India
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign | 1998 | 1999 | 1998 | 1999 | ||||||||||||||||||||||
Currency | Jul. 24 | Jul. 19 | Jul. 20 | Jul. 21 | Jul. 22 | Jul. 23 | Jul. 24 | Jul. 19 | Jul. 20 | Jul. 21 | Jul. 22 | Jul. 23 | ||||||||||||||
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@ | |||||||||||||||||||||||||
42.5300 | 43.2200 | 43.2000 | 43.2600 | 43.2600 | 43.2600 | (Based on Middle Rates) | ||||||||||||||||||||
FEDAI Indicative Rates (Rs. per Foreign Currency) | ||||||||||||||||||||||||||
U.S. | { Buying | 42.5200 | 43.2150 | 43.1900 | 43.2500 | 43.2500 | 43.2550 | 2.3513 | 2.3127 | 2.3148 | 2.3116 | 2.3116 | 2.3116 | |||||||||||||
Dollar | Selling | 42.5400 | 43.2250 | 43.2000 | 43.2600 | 43.2600 | 43.2650 | |||||||||||||||||||
Pound | { Buying | 70.1750 | 67.2950 | 68.1075 | 68.0150 | 68.1625 | 68.3700 | 1.4246 | 1.4849 | 1.4676 | 1.4707 | 1.4661 | 1.4614 | |||||||||||||
Sterling | Selling | 70.2500 | 67.3525 | 68.1525 | 68.0425 | 68.2200 | 68.4275 | |||||||||||||||||||
Euro | { Buying | 50.4400 $ | 43.7950 | 44.4975 | 45.0800 | 45.4000 | 45.4525 | 1.9798 $ | 2.2797 | 2.2463 | 2.2124 | 2.2015 | 2.1996 | |||||||||||||
Selling | 50.5800 $ | 43.8350 | 44.5225 | 45.1125 | 45.4450 | 45.4725 | ||||||||||||||||||||
100 Yen | { Buying | 30.0825 | 35.8900 | 36.5150 | 36.4050 | 36.4650 | 36.9100 | 332.41 | 278.37 | 273.66 | 274.62 | 274.16 | 270.69 | |||||||||||||
Selling | 30.1175 | 35.9125 | 36.5550 | 36.4225 | 36.5025 | 36.9350 | ||||||||||||||||||||
Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | ||||||||||||||||||||||||||
1-month | 4.51 | 3.89 | 3.89 | 3.61 | 3.88 | 3.61 | ||||||||||||||||||||
3-month | 6.40 | 3.98 | 4.07 | 3.98 | 3.98 | 3.88 | ||||||||||||||||||||
6-month | 7.62 | 4.30 | 4.26 | 4.30 | 4.25 | 4.25 | ||||||||||||||||||||
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. |