Foreign

1998

1999

1998

1999

Currency

May 29

May 24

May 25

May 26

May 27

May 28

May 29

May 24

May 25

May 26

May 27

May 28

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@

41.5000

42.7500

42.7400

42.8100

42.9000

42.9900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

41.4800

42.7400

42.7400

42.8000

42.9000

42.9800

2.4096

2.3392

2.3397

2.3359

2.3310

  2.3261

Dollar

Selling

41.5100

42.7500

42.7500

42.8200

42.9100

43.0000

Pound

{ Buying

67.4300

68.4000

68.2775

68.5825

68.4050

68.6825

1.4816

1.4615

1.4640

1.4572

1.4611

1.4554

Sterling

Selling

67.5200

68.4375

68.3150

68.6350

68.4425

68.7350

Euro

{ Buying

50.4400 $

45.1200

45.2825

45.3550

44.8600

44.9050

1.9798 $

2.2137

2.2070

2.2046

2.2265

2.2270

Selling

50.5800 $

45.1575

45.3150

45.3975

44.8800

44.9700

100 Yen

{ Buying

29.8900

34.4400

34.7675

35.0850

35.0350

35.6850

334.18

290.06

287.62

284.85

285.20

280.16

Selling

29.9350

34.4625

34.7900

35.1300

35.0525

35.7125

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

1-month

9.25

3.93

3.93

4.48

5.87

5.86

3-month

9.25

4.49

4.40

4.86

5.69

5.95

6-month

9.25

5.10

5.10

5.33

5.41

5.95

@ :

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.

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.