Foreign

1998

1999

1998

1999

Currency

Feb. 27

Feb. 22

Feb. 23

Feb. 24 Feb. 25** Feb. 26**

Feb. 27

Feb. 22

Feb. 23

Feb. 24

Feb. 25**

Feb. 26**

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 @

39.3000

42.4000

42.4400

42.4900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.2850

42.3900

42.4350

42.4900

2.5445

2.3585

2.3563

2.3535

Dollar

Selling

39.2950

42.4000

42.4450

42.4950

Pound

{ Buying

64.5375

68.7575

68.9275

68.5150

1.5479

1.4540

1.4505

1.4604

Sterling

Selling

64.5925

68.7950

68.9650

68.5750

Euro

{ Buying

50.4400 $

46.7425

46.7800

46.7275

1.9798 $

2.1378

2.1369

2.1398

Selling

50.5800 $

46.7800

46.8125

46.7575

100 Yen

{ Buying

30.9475

34.7525

35.2300

35.0175

323.03

287.85

283.58

285.70

Selling

30.9675

34.7750

35.2675

35.0350

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

1-month

11.91

5.38

5.94

5.37

3-month

14.76

6.98

7.07

6.97

6-month

14.15

6.98

7.21

6.97

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rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.

@ : 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.

** : These rates were not received on account of banks’ strike.