Foreign

1998

1999

1998

1999

Currency

Nov. 27

Nov. 22

Nov.23+

Nov. 24

Nov. 25

Nov. 26

Nov. 27

Nov. 22 Nov.23+

Nov. 24

Nov. 25

Nov. 26

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@

42.5200

43.3800

43.3800

43.4000

43.3900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5200

43.3800

43.3750

43.3950

43.3900

2.3518

2.3052

2.3052

2.3041

2.3047

Dollar

Selling

42.5300

43.3900

43.3850

43.4050

43.4000

Pound

{ Buying

70.4950

70.3050

70.4575

69.9050

69.9800

1.4180

1.4220

1.4188

1.4298

1.4286

Sterling

Selling

70.5525

70.3450

70.4975

69.9550

70.0175

Euro

{ Buying

50.4400 $

44.7250

44.5450

44.2250

44.1100

1.9798 $

2.2354

2.2435

2.2578

2.2657

Selling

50.5800 $ 44.7775

44.5725

44.2650

44.1500

100 Yen

{ Buying

34.5675

40.9125

41.4800

41.5025

41.6450

288.95

244.30

241.04

240.88

240.09

Selling

34.6025

40.9425

41.5000

41.5450

41.6750

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

1-month

5.36

4.15

3.87

3.87

3.59

3-month

6.49

4.70

4.79

4.70

4.52

6-month

7.71

4.89

4.84

4.79

4.70

@

:

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selling rates of Rupees per Deutsche Mark (FEDAI indicative Rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.