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.

$ : 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rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively

3. The market was closed on May 1, 1998.