6. Foreign Exchange Rates - Spot and Forward Premia
81857891
Foreign
1997
1998
1997
1998
Currency
Dec. 5
Nov. 30
Dec. 1
Dec. 2
Dec. 3
Dec. 4
Dec. 5*
Nov. 30
Dec. 1
Dec. 2
Dec. 3
Dec. 4
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@
38.6500
42.6300
42.5800
42.5700
42.5500
42.5400
(Based on Middle Rates)
FEDAI Indicative Rates (Rs. per Foreign Currency)
U.S.
Buying
38.6450
42.6200
42.5750
42.5600
42.5500
42.5350
2.5870
2.3458
2.3485
2.3491
2.3502
2.3507
Dollar
Selling
38.6650
42.6300
42.5850
42.5700
42.5600
42.5450
Pound
Buying
64.2200
70.3825
70.1425
70.3300
70.9000
70.9100
1.5563
1.4203
1.4251
1.4211
1.4100
1.4099
Sterling
Selling
64.2925
70.4300
70.2025
70.3900
70.9600
70.9475
Deutsche
Buying
21.7875
24.9075
25.1850
25.2700
25.4750
25.4950
4.5855
4.0154
3.9670
3.9567
3.9260
3.9209
Mark
Selling
21.8000
24.9200
25.1975
25.2825
25.4950
25.5100
100 Yen
Buying
29.7725
34.4400
34.6275
34.9250
35.6075
35.8650
335.73
290.35
288.54
286.20
280.73
278.56
Selling
29.8000
34.4625
34.6500
34.9475
35.6450
35.9025
Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)
1-month
8.38
6.47
5.64
4.79
4.79
4.80
3-month
7.87
7.04
6.76
6.11
6.11
6.11
6-month
7.19
7.98
7.89
7.56
7.47
7.57
Note
:
The unified exchange rate system came into force on March 1, 1993.
@
:
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).