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 | Apr. 30 | Apr. 26 | Apr. 27+ | Apr. 28 | Apr. 29 | Apr. 30+ | Apr. 30 | Apr. 26 | Apr. 27+ | Apr. 28 | Apr. 29 | Apr. 30+ | ||||
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@ | |||||||||||||||
39.7300 | 42.9500 | 42.8200 | 42.8200 | (Based on Middle Rates) | ||||||||||||
FEDAI Indicative Rates (Rs. per Foreign Currency) | ||||||||||||||||
U.S. | { Buying | 39.7300 | 42.9400 | 42.8100 | 42.8100 | 2.5170 | 2.3283 | 2.3354 | 2.3354 | |||||||
Dollar | Selling | 39.7400 | 42.9500 | 42.8200 | 42.8200 | |||||||||||
Pound | { Buying | 66.4475 | 69.3050 | 69.2875 | 69.0650 | 1.5049 | 1.4415 | 1.4421 | 1.4463 | |||||||
Sterling | Selling | 66.4700 | 69.3425 | 69.3250 | 69.1250 | |||||||||||
Euro | { Buying | 50.4400 $ | 45.5600 | 45.7500 | 45.4825 | 1.9798 $ | 2.1928 | 2.1840 | 2.1995 | |||||||
Selling | 50.5800 $ | 45.5925 | 45.7825 | 45.5000 | ||||||||||||
100 Yen | { Buying | 30.1550 | 36.0950 | 35.9475 | 35.9150 | 331.49 | 276.86 | 278.02 | 278.34 | |||||||
Selling | 30.1750 | 36.1200 | 35.9700 | 35.9375 | ||||||||||||
Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | ||||||||||||||||
1-month | 3.32 | 5.59 | 5.32 | 5.04 | ||||||||||||
3-month | 5.03 | 5.59 | 5.60 | 5.51 | ||||||||||||
6-month | 6.70 | 6.52 | 6.17 | 6.17 | ||||||||||||
@ : 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. | ||||||||||||||||
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 | rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively | |||||||||||||||
3. The market was closed on May 1, 1998. |