Foreign

1998

1999

1998

1999

Currency

Jul. 31

Jul. 26

Jul. 27

Jul. 28

Jul. 29

Jul. 30

Jul. 31

Jul. 26

Jul. 27

Jul. 28

Jul. 29

Jul. 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@

42.5600

43.2800

43.2900

43.3300

43.3200

43.2900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5500

43.2750

43.2900

43.3250

43.3100

43.2900

2.3496

2.3105

2.3100

2.3079

2.3084

2.3100

Dollar

Selling

42.5700

43.2850

43.3000

43.3350

43.3200

43.3000

Pound

{ Buying

69.6800

68.4650

68.9425

69.0350

69.1750

69.8925

1.4347

1.4598

1.4531

1.4480

1.4446

1.4305

Sterling

Selling

69.7550

68.5025

69.0025

69.0925

69.2350

69.9300

Euro

{ Buying

50.4400 $

45.5175

46.2775

46.1850

46.1675

46.4275

1.9798 $

2.1937

2.1695

2.1608

2.1644

2.1538

Selling

50.5800 $

45.5575

46.3300

46.2175

46.1875

46.4475

100 Yen

{ Buying

29.6050

37.1275

37.1425

37.3975

37.4325

37.5625

337.28

269.24

269.17

267.29

266.99

266.14

Selling

29.6375

37.1525

37.1825

37.4375

37.4575

37.5875

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

1-month

4.79

3.60

3.60

3.88

3.88

3.88

3-month

6.20

3.88

3.97

4.06

4.06

4.16

6-month

7.66

4.25

4.30

4.38

4.39

4.34

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.