Foreign

1998

1999

1998

1999

Currency

Jun. 12

Jun. 7

Jun. 8

Jun. 9

Jun. 10

Jun. 11

Jun. 12

Jun. 7

Jun. 8

Jun. 9

Jun. 10

Jun. 11

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@

41.9600

43.0100

42.9800

43.0500

43.0200

43.0600

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

41.9400

43.0000

42.9700

43.0400

43.0100

43.0500

2.3832

2.3250

2.3267

2.3229

2.3245

2.3223

Dollar

Selling

41.9700

43.0100

42.9800

43.0500

43.0200

43.0600

Pound

{ Buying

68.3800

69.1400

68.8250

69.0700

68.8450

69.2600

1.4616

1.4456

1.4533

1.4470

1.4521

1.4422

Sterling

Selling

68.4700

69.2000

68.8850

69.1075

68.9050

69.3175

Euro

{ Buying

50.4400 $

44.2250

44.3875

45.0675

45.0175

45.2025

1.9798 $

2.2598

2.2529

2.2148

2.2213

2.2101

Selling

50.5800 $

44.2750

44.4100

45.1200

45.0425

45.2550

100 Yen

{ Buying

29.0975

35.5400

35.4300

36.0525

36.5050

36.2575

343.45

281.06

282.11

277.06

274.16

275.91

Selling

29.1375

35.5775

35.4525

36.0775

36.5450

36.2975

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

1-month

10.58

4.46

4.19

3.90

3.91

4.18

3-month

10.68

4.93

4.84

4.65

4.46

4.64

6-month

9.91

5.30

5.21

5.06

4.93

5.11

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.