Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)
1-month
7.19
4.26
3.69
3.69
3.97
3.69
3-month
7.62
6.25
6.05
5.96
6.14
5.86
6-month
7.57
7.24
7.00
7.05
7.32
7.14
Note
:
The unified exchange rate system came into force on March 1, 1993.
The market was closed on November 14, 1997.
@
:
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 based on Foreign Exchange Dealers' Association of India (FEDAI) indicative rates (middle rates).