6. Foreign Exchange Rates - Spot and Forward Premia - RBI - Reserve Bank of India
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign | 1998 | 1999 | 1998 | 1999 | |||||||||
Currency | Oct. 30 | Oct. 25 | Oct. 26 | Oct. 27 | Oct. 28 | Oct. 29 | Oct. 30 | Oct. 25 | Oct. 26 | Oct. 27 | Oct. 28 | Oct. 29 | |
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@ | ||||||||||||
42.3700 | 43.3900 | 43.3800 | 43.4000 | 43.3900 | 43.4200 | (Based on Middle Rates) | |||||||
FEDAI Indicative Rates (Rs. per Foreign Currency) | |||||||||||||
U.S. | { Buying | 42.2500 | 43.3850 | 43.3700 | 43.3950 | 43.3800 | 43.4100 | 2.3602 | 2.3047 | 2.3052 | 2.3041 | 2.3047 | 2.3031 |
Dollar | Selling | 42.3700 | 43.3950 | 43.3800 | 43.4050 | 43.3900 | 43.4200 | ||||||
Pound | { Buying | 71.0300 | 72.0100 | 71.9975 | 71.7025 | 71.4075 | 71.1800 | 1.4076 | 1.3885 | 1.3868 | 1.3946 | 1.3997 | 1.4054 |
Sterling | Selling | 71.0850 | 72.0400 | 72.0575 | 71.7625 | 71.4675 | 71.2400 | ||||||
Euro | { Buying | 50.4400 | $ 46.3525 | 46.2375 | 45.9075 | 45.5700 | 45.7325 | 1.9798 $ | 2.1578 | 2.1600 | 2.1773 | 2.1923 | 2.1856 |
Selling | 50.5800 | $ 46.3925 | 46.2700 | 45.9625 | 45.5975 | 45.7650 | |||||||
100 Yen | { Buying | 36.6200 | 41.0525 | 41.2500 | 41.6825 | 41.6350 | 41.3000 | 272.78 | 243.55 | 241.99 | 239.64 | 240.13 | 242.11 |
Selling | 36.6675 | 41.0750 | 41.2800 | 41.7325 | 41.6650 | 41.3300 | |||||||
Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | |||||||||||||
1-month | 4.81 | 5.53 | 5.53 | 5.53 | 5.25 | 4.42 | |||||||
3-month | 6.61 | 5.35 | 5.35 | 5.44 | 5.44 | 4.70 | |||||||
6-month | 7.22 | 5.53 | 5.53 | 5.58 | 5.49 | 5.16 | |||||||
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. |