Foreign

1998

1999

1998

1999

Currency

Sep. 29*

Sep. 27

Sep. 28

Sep. 29

Sep. 30+

Oct. 1

Sep. 29*

Sep. 27

Sep. 28

Sep. 29

Sep.30+

Oct. 1

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@

42.4900

43.5700

43.5700

43.6100

43.5900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.4850

43.5650

43.5700

43.5950

43.5900

2.3535

2.2952

2.2952

2.2931

2.2941

Dollar

Selling

42.4950

43.5750

43.5800

43.6050

43.6000

Pound

{ Buying

72.5725

71.6000

71.7150

71.8575

71.8625

1.3785

1.3962

1.3940

1.3916

1.3913

Sterling

Selling

72.6325

71.6500

71.7775

71.9100

71.9100

Euro

{ Buying

50.4400 $

45.5825

45.5650

45.9925

46.6500

1.9798 $

2.1941

2.1946

2.1758

2.1434

Selling

50.5800 $

45.6000

45.5850

46.0125

46.6825

100 Yen

{ Buying

31.5050

41.7250

41.0275

41.0025

41.1625

317.49

239.58

243.71

243.69

242.81

Selling

31.5200

41.7550

41.0550

41.0450

41.2025

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

1-month

5.65

4.96

4.96

5.50

5.78

3-month

6.50

4.96

5.14

5.50

5.51

6-month

7.39

5.32

5.42

5.60

5.64

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.

*

: Market closed on September 30, October 1 & 2, 1998. + : Market closed.