6. Foreign Exchange Rates - Spot and Forward Premia - RBI - Reserve Bank of India
6. Foreign Exchange Rates - Spot and Forward Premia
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Foreign |
1998 |
1999 |
1998 |
1999 |
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May 22 |
May 17 |
May 18 |
May 19 |
May 20 |
May 21 |
May 22 |
May 17 |
May 18 |
May 19 |
May 20 |
May 21 |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
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RBI's Reference Rate (Rs. per U.S. Dollar) |
Foreign Currency per Rs. 100@ |
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40.6300 |
42.7400 |
42.7300 |
42.7300 |
42.7600 |
42.7500 |
(Based on Middle Rates) |
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FEDAI Indicative Rates (Rs. per Foreign Currency) |
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U.S. |
{ Buying |
40.6200 |
42.7300 |
42.7300 |
42.7200 |
42.7550 |
42.7500 |
2.4612 |
2.3397 |
2.3403 |
2.3403 |
2.3386 |
2.3392 |
Dollar |
Selling |
40.6300 |
42.7400 |
42.7400 |
42.7300 |
42.7650 |
42.7600 |
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Pound |
{ Buying |
66.1825 |
69.0525 |
69.2900 |
69.1250 |
68.9775 |
68.7075 |
1.5089 |
1.4483 |
1.4428 |
1.4466 |
1.4486 |
1.4553 |
Sterling |
Selling |
66.2475 |
69.1100 |
69.3275 |
69.1625 |
69.0350 |
68.7675 |
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Euro |
{ Buying |
50.4400 $ |
45.5250 |
45.6825 |
45.4975 |
45.6250 |
45.3150 |
1.9798 $ |
2.1956 |
2.1874 |
2.1988 |
2.1916 |
2.2062 |
Selling |
50.5800 $ |
45.5575 |
45.7350 |
45.5500 |
45.6425 |
45.3550 |
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100 Yen |
{ Buying |
29.8725 |
34.6775 |
34.7925 |
34.5075 |
34.3025 |
34.5075 |
334.88 |
281.00 |
287.28 |
289.54 |
291.69 |
289.79 |
Selling |
29.8900 |
34.7000 |
34.8150 |
34.5425 |
34.3375 |
34.5275 |
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Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) |
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1-month |
6.20 |
4.49 |
3.93 |
3.65 |
4.21 |
4.21 |
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3-month |
7.48 |
5.15 |
4.59 |
4.31 |
4.68 |
4.68 |
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6-month |
8.22 |
5.43 |
5.10 |
4.87 |
5.24 |
5.10 |
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@ : |
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. |
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$ : |
These rates are as on January 4, 1999. |
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Note: 1. |
The unified exchange rate system came into force on March 1,1993. |
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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. |