Foreign

1998

1999

1998

1999

Currency

Oct. 16

Oct. 11

Oct. 12

Oct. 13

Oct. 14

Oct. 15

Oct. 16

Oct. 11

Oct. 12

Oct. 13

Oct. 14

Oct. 15

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@

42.3000

43.3300

43.3700

43.5000

43.4300

43.4400

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.2900

43.3100

43.3650

43.4900

43.4300

43.4350

2.3641

2.3079

2.3057

2.2989

2.3026

2.3020

Dollar

Selling

42.3000

43.3200

43.3750

43.5000

43.4400

43.4450

Pound

{ Buying

72.1075

71.5050

71.7350

72.0800

71.8775

72.2725

1.3854

1.3976

1.3935

1.3866

1.3919

1.3830

Sterling

Selling

72.1550

71.5425

71.7950

72.1175

71.9375

72.3325

Euro

{ Buying

50.4400

$ 45.9875

46.1875

46.9000

46.8950

47.0150

1.9798 $

2.1737

2.1641

2.1307

2.1315

2.1263

Selling

50.5800

$ 46.0275

46.2200

46.9325

46.9250

47.0475

100 Yen

{ Buying

36.3825

40.4575

40.7175

40.9575

40.4675

40.8300

274.59

247.30

245.50

244.15

247.12

244.71

Selling

36.4050

40.4775

40.7475

40.9875

40.5150

40.8575

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

1-month

5.67

5.54

5.53

6.62

6.08

6.63

3-month

6.71

5.26

5.35

5.98

5.53

5.99

6-month

7.71

5.31

5.35

5.84

5.62

5.85

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.