Foreign

1998

1999

1998

1999

Currency

Oct. 23

Oct. 18

Oct.19+

Oct. 20

Oct. 21

Oct. 22

Oct. 23

Oct. 18

Oct.19+

Oct. 20

Oct. 21

Oct. 22

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@

42.2900

43.3600

43.3900

43.4500

43.4200

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.2850

43.3550

43.3850

43.4400

43.4150

2.3646

2.3063

2.3047

2.3015

2.3031

Dollar

Selling

42.2950

43.3650

43.3950

43.4500

43.4250

Pound

{ Buying

71.5850

72.3300

72.5125

72.3975

72.7300

1.3953

1.3820

1.3786

1.3808

1.3740

Sterling

Selling

71.6275

72.3675

72.5650

72.4575

72.7800

Euro

{ Buying

50.4400

$ 47.1875

46.9300

46.8325

46.7925

1.9798 $

2.1192

2.1295

2.1345

2.1359

Selling

50.5800

$ 47.2200

46.9625

46.8575

46.8125

100 Yen

{ Buying

35.6675

41.2275

40.8450

40.9425

41.1400

280.81

242.56

244.99

244.25

242.57

Selling

35.6925

41.2575

40.8725

40.9700

41.1700

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

1-month

5.11

5.81

5.81

5.52

5.25

3-month

6.72

5.63

5.44

5.43

5.44

6-month

7.76

5.67

5.58

5.57

5.57

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.