Foreign

1998

1999

1998

1999

Currency

Apr. 7

Apr. 5

Apr. 6

Apr. 7

Apr. 8

Apr. 9

Apr. 7

Apr. 5

Apr. 6

Apr. 7

Apr. 8

Apr. 9

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 @

39.6500

42.4400

42.5100

42.6400

42.6700

42.6800

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.6400

42.4350

42.5050

42.6300

42.6600

42.6700

2.5221

2.3563

2.3524

2.3452

2.3436

2.3430

Dollar

Selling

39.6600

42.4450

42.5150

42.6500

42.6700

42.6800

Pound

{ Buying

66.0475

68.0350

68.0200

67.8425

68.3425

68.5275

1.5134

1.4687

1.4703

1.4742

1.4642

1.4577

Sterling

Selling

66.1200

68.0950

68.0575

67.9025

68.3775

68.5650

Euro

{ Buying

50.4400 $

45.6525

45.5775

46.1050

46.0525

45.8400

1.9798 $

2.1896

2.1927

2.1692

2.1706

2.1788

Selling

50.5800 $

45.6825

45.6025

46.1475

46.0825

45.8800

100 Yen

{ Buying

29.5500

34.9450

35.1125

35.2450

35.2900

35.2975

338.30

286.02

284.99

283.60

283.19

283.14

Selling

29.5750

34.9675

35.1375

35.2775

35.3275

35.3200

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

1-month

4.54

5.37

5.36

5.35

6.34

5.62

3-month

5.45

6.13

6.40

6.10

6.00

6.19

6-month

6.96

6.69

6.96

6.80

6.84

6.98

@

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.

3. The market was closed on April 8, 9 and April 10, 1998.