Foreign Currency

1998

1999

1998

1999

Oct. 9

Oct. 4

Oct. 5

Oct. 6

Oct. 7

Oct. 8

Oct. 9

Oct. 4

Oct. 5

Oct. 6

Oct. 7

Oct. 8

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@

42.3600

43.5800

43.5900

43.5800

43.5400

43.4800

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.3500

43.5700

43.5850

43.5700

43.5350

43.4700

2.3607

2.2946

2.2941

2.2946

2.2967

2.2999

Dollar

Selling

42.3600

43.5800

43.5950

43.5800

43.5450

43.4800

Pound

{ Buying

72.5250

72.1000

72.0550

72.0475

72.0150

71.7425

1.3787

1.3862

1.3875

1.3871

1.3878

1.3928

Sterling

Selling

72.5850

72.1600

72.1150

72.0775

72.0750

71.7975

Euro

{ Buying

50.4400 $

46.6100

46.7450

46.6700

46.6700

46.5600

1.9798 $

2.1460

2.1397

2.1420

2.1440

2.1472

Selling

50.5800 $

46.6650

46.7775

46.7225

46.6900

46.5925

100 Yen

{ Buying

36.3525

41.1125

40.9250

40.6250

40.3925

40.3725

274.88

242.85

244.24

246.04

247.65

247.67

Selling

36.3925

41.1400

40.9725

40.6600

40.4325

40.4025

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

1-month

6.23

5.51

6.61

6.61

5.79

5.80

3-month

7.08

5.42

5.78

5.78

5.42

5.24

6-month

8.12

5.69

5.83

5.78

5.42

5.29

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.