Foreign

1998

1999

1998

1999

Currency

Jan. 29

Jan. 25

Jan. 26+

Jan. 27

Jan. 28

Jan. 29

Jan. 29

Jan. 25

Jan. 26+

Jan. 27

Jan. 28

Jan. 29

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@

38.9200

42.5100

42.4900

42.5000

42.5000

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

38.9000

42.5100

42.4900

42.5000

42.4950

2.5694

2.3524

2.3535

2.3529

2.3529

Dollar

Selling

38.9300

42.5200

42.5000

42.5100

42.5050

Pound

{ Buying

63.7950

70.3675

70.3925

69.9625

69.9775

1.5662

1.4205

1.4201

1.4289

1.4284

Sterling

Selling

63.8850

70.4250

70.4525

70.0225

70.0350

Euro

{ Buying

50.4400 $

49.2725

48.9750

48.6675

48.4625

1.9798 $

2.0288

2.0411

2.0542

2.0606

Selling

50.5800 $

49.3050

49.0075

48.7025

48.5375

100 Yen

{ Buying

31.0075

37.1425

37.3825

36.7500

36.6175

321.96

269.23

267.42

272.00

273.06

Selling

31.0450

37.1625

37.4075

36.7900

36.6425

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

1-month

21.89

5.65

5.65

5.08

5.08

3-month

19.01

6.77

6.78

6.49

6.40

6-month

17.11

6.87

6.83

6.73

6.73

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.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 January 30, 1998.

These rates are announced by RBI with effect from January 29, 1998

$ : These rates are as on January 4, 1999.

+ : Market closed.