Foreign

1998

1999

1998

1999

Currency

Sep. 25

Sep. 20

Sep. 21

Sep. 22

Sep. 23

Sep. 24

Sep. 25

Sep. 20

Sep. 21

Sep. 22

Sep. 23

Sep. 24

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@

42.5100

43.5500

43.5500

43.5500

43.5800

43.5700

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5000

43.5450

43.5500

43.5450

43.5700

43.5650

2.3524

2.2962

2.2962

2.2962

2.2946

2.2952

Dollar

Selling

42.5100

43.5500

43.5600

43.5550

43.5800

43.5750

Pound

{ Buying

72.0925

70.7425

70.6075

71.0350

70.9850

71.7000

1.3844

1.4135

1.4160

1.4071

1.4077

1.3938

Sterling

Selling

72.1525

70.7800

70.6450

71.0725

71.0450

71.7600

Euro

{ Buying

50.4400

$ 45.4000

45.1925

45.7650

45.4950

45.8300

1.9798 $

2.2020

2.2123

2.1849

2.1968

2.1819

Selling

50.5800

$ 45.4225

45.2100

45.7850

45.5225

45.8500

100 Yen

{ Buying

31.3775

40.4650

40.7825

41.6250

42.0200

41.6050

318.56

246.90

244.99

240.24

237.77

240.22

Selling

31.4075

40.5125

40.8350

41.6550

42.0500

41.6475

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

1-month

6.77

4.68

4.68

4.96

4.96

4.68

3-month

7.15

4.78

4.68

4.96

5.05

5.05

6-month

7.76

5.14

5.05

5.24

5.28

5.28

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.