6. Foreign Exchange Rates - Spot and Forward Premia - RBI - Reserve Bank of India
6. Foreign Exchange Rates - Spot and Forward Premia
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Foreign |
1998 |
1999 |
1998 |
1999 |
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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 |
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2 |
3 |
4 |
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6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
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RBI's Reference Rate (Rs. per U.S. Dollar) |
Foreign Currency per Rs. 100@ |
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42.5300 |
43.2200 |
43.2000 |
43.2600 |
43.2600 |
43.2600 |
(Based on Middle Rates) |
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FEDAI Indicative Rates (Rs. per Foreign Currency) |
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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 |
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Dollar |
Selling |
42.5400 |
43.2250 |
43.2000 |
43.2600 |
43.2600 |
43.2650 |
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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 |
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Sterling |
Selling |
70.2500 |
67.3525 |
68.1525 |
68.0425 |
68.2200 |
68.4275 |
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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 |
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Selling |
50.5800 $ |
43.8350 |
44.5225 |
45.1125 |
45.4450 |
45.4725 |
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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 |
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Selling |
30.1175 |
35.9125 |
36.5550 |
36.4225 |
36.5025 |
36.9350 |
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Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) |
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1-month |
4.51 |
3.89 |
3.89 |
3.61 |
3.88 |
3.61 |
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3-month |
6.40 |
3.98 |
4.07 |
3.98 |
3.98 |
3.88 |
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6-month |
7.62 |
4.30 |
4.26 |
4.30 |
4.25 |
4.25 |
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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. |
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$ : |
These rates are as on January 4, 1999. |
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Note : 1. The unified exchange rate system came into force on March 1, 1993. |
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2. With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative |
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rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively. |