Foreign

1998

1999

1998

1999

Currency

Jan. 16

Jan. 11

Jan. 12

Jan. 13

Jan. 14

Jan. 15

Jan. 16*

Jan. 11

Jan. 12

Jan. 13

Jan. 14

Jan. 15

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@

40.3600

42.5200

42.5000

42.5000

42.5200

42.4700

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

40.3500

42.5250

42.5000

42.5000

42.5100

42.4700

2.4777

2.3518

2.3529

2.3529

2.3518

2.3546

Dollar

Selling

40.3700

42.5350

42.5100

42.5100

42.5200

42.4800

Pound

{ Buying

65.7475

69.7150

69.2150

69.4575

70.0700

70.4075

1.5204

1.4345

1.4439

1.4394

1.4264

1.4199

Sterling

Selling

65.8000

69.7525

69.2700

69.5175

70.1275

70.4650

Euro

{ Buying

50.4400 $

49.2450

48.8200

49.1525

49.4825

49.7925

1.9798 $

2.0306

2.0494

2.0330

2.0201

2.0079

Selling

50.5800 $

49.2775

48.8575

49.1750

49.5150

49.8250

100 Yen

{ Buying

31.2900

38.4225

38.1500

37.9000

37.5575

37.7000

319.44

260.53

262.08

263.86

266.09

265.06

Selling

31.3200

38.4650

38.1950

37.9225

37.5975

37.7425

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

1-month

23.19

4.52

4.52

5.65

6.77

5.65

3-month

16.65

5.27

5.46

5.84

6.49

5.93

6-month

13.33

6.07

6.12

6.45

7.01

6.50

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.

@ : 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).

$ : These rates are as on January 4, 1999.