Foreign

1998

1999

1998

1999

Currency

Aug. 28

Aug. 23

Aug. 24

Aug. 25

Aug. 26

Aug. 27

Aug. 28

Aug. 23

Aug. 24

Aug. 25

Aug. 26

Aug. 27

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@

42.5400

43.5200

43.5100

43.5200

43.5200

43.5000

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5300

43.5100

43.5050

43.5150

43.5200

43.4950

2.3507

2.2978

2.2983

2.2978

2.2978

2.2989

Dollar

Selling

42.5500

43.5200

43.5150

43.5250

43.5300

43.5050

Pound

{ Buying

70.4725

70.3650

69.6350

69.3325

69.1100

69.0950

1.4165

1.4206

1.4360

1.4418

1.4469

1.4465

Sterling

Selling

70.5475

70.4250

69.6925

69.3925

69.1475

69.1550

Euro

{ Buying

50.4400 $

46.3900

45.4050

45.8425

45.4350

45.5250

1.9798 $

2.1545

2.2008

2.1799

2.1998

2.1941

Selling

50.5800 $

46.4325

45.4600

45.8850

45.4675

45.5675

100 Yen

{ Buying

29.8000

39.2975

38.6600

39.1675

39.2600

38.9525

335.40

254.25

258.62

255.25

254.68

256.40

Selling

29.8350

39.3250

38.6875

39.1875

39.2800

38.9725

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

1-month

15.23

4.69

4.41

4.96

4.69

4.69

3-month

11.57

4.50

4.41

4.60

4.60

4.69

6-month

10.95

4.73

4.73

4.83

4.87

4.92

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.