Foreign

1998

1999

1998

1999

Currency

Sep. 18

Sep. 13+

Sep. 14

Sep. 15

Sep. 16

Sep. 17

Sep. 18

Sep. 13+

Sep. 14

Sep. 15

Sep. 16

Sep. 17

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

43.5200

43.5100

43.5400

43.5400

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5250

43.5150

43.5100

43.5400

43.5400

2.3513

2.2978

2.2983

2.2967

2.2967

Dollar

Selling

42.5350

43.5250

43.5200

43.5500

43.5500

Pound

{ Buying

71.4375

70.0025

69.8550

70.4775

70.6475

1.3987

1.4282

1.4310

1.4190

1.4156

Sterling

Selling

71.4975

70.0575

69,8925

70.5075

70.7075

Euro

{ Buying

50.4400

$

45.1850

44.9150

45.3775

45.2025

1.9798 $

2.2129

2.2257

2.2012

2.2128

Selling

50.5800

$

45.2275

44.9400

45.4100

45.2350

100 Yen

{ Buying

32.1675

40.9475

41.2575

41.4750

40.8750

310.91

243.99

242.32

240.83

244.64

Selling

32.2000

40.9950

41.2875

41.5200

40.9025

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

1-month

6.49

5.51

5.52

5.24

4.96

3-month

7.62

5.33

5.33

5.24

5.14

6-month

8.14

5.51

5.61

5.37

5.37

@ :

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.

+ :

Market closed.

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.