Foreign

1999

2000

1999

2000

Currency

May 7

May 1+

May 2

May 3

May 4

May 5

May 7

May 1 +

May 2

May 3

May 4

May 5

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@

42.7500

43.6600

43.6500

43.6500

43.6400

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.7400

43.6600

43.6500

43.6500

43.6400

2.3392

2.2904

2.2910

2.2910

2.2915

Dollar

Selling

42.7500

43.6700

43.6600

43.6600

43.6500

Pound

{ Buying

69.9950

67.9125

68.2025

68.0850

67.3100

1.4282

1.4725

1.4683

1.4693

1.4853

Sterling

Selling

70.0550

67.9425

68.2400

68.1450

67.3475

Euro

{ Buying

46.0525

39.9350

39.5525

38.8700

38.9450

2.1703

2.5053

2.5252

2.5737

2.5636

Selling

46.0800

39.9525

39.5825

38.9000

38.9625

100 Yen

{ Buying

35.4800

40.2550

40.2450

39.9325

40.5000

282.07

248.34

248.40

250.23

246.40

Selling

35.5025

40.2825

40.2725

39.9750

40.5300

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

1-month

5.05

1.92

1.65

1.92

1.10

3-month

5.43

2.38

2.29

2.29

1.92

6-month

5.94

2.61

2.61

2.61

2.34

@

: 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.

+

: Market closed.

Note

: The unified exchange rate system came into force on March 1, 1993.