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83075811

No. 39 - Sale / Purchase of U.S. Dollar by the Reserve Bank of India


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                    Foreign Currency (US $ Milli   Rs.equivalent         Cumulative                            Outstanding Net
       Month        ----------------------------  at contract rate   (over end Mar 1996)                      Forward Sales (-)/
                    Purchase    Sale      Net        (Rs. Cr.)      -----------------------------------------    Purchase (+)
                       (+)       (-)     (+/-)                        (in US $ Million)    (in Rs. Crores)      at the end of
                                                                                                             month (US $ Million)
---------------------------------------------------------------------------------------------------------------------------------
         1               2        3        4             5                    6                   7                   8
---------------------------------------------------------------------------------------------------------------------------------
 1996-97

 Apr. 1996             577.00   209.00 (+)368.0    (+) 1191.74         (+)  368.0          (+) 1191.74            (-) 2007.00

 May 1996              336.00   235.00 (+)101.0    (+)  303.54         (+)  489.0          (+) 1495.28            (-) 2058.00

 Jun. 1996            1150.00   365.00 (+)785.0    (+) 2653.41         (+) 1254.0          (+) 4148.89            (-) 1799.00

 Jul. 1996            1192.00   898.00 (+)294.5    (+)  828.38         (+) 1548.5          (+) 4974.07            (-) 1732.00

 Aug. 1996             822.50   575.00 (+)247.5    (+)  713.58         (+) 1796.0          (+) 5687.65            (-) 1107.00

 Sep. 1996             672.00        - (+)672.0    (+) 2401.20         (+) 2468.0          (+) 8088.85            (-) 1157.00

 Oct. 1996             840.50        - (+)840.5    (+) 2995.21         (+) 3308.50         (+)11084.05            (-) 1157.00

 Nov. 1996             415.50   283.00 (+)132.5    (+)  415.88         (+) 3441.00         (+)11499.93            (-)  874.00

 Dec. 1996            1410.00   859.00 (+)551.0    (+) 1877.91         (+) 3992.00         (+)13377.84            (-)  874.00

 Jan. 1997             565.00    15.00 (+)550.0    (+) 1969.83         (+) 4542.00         (+)15347.67            (-)  859.00

 Feb. 1997             929.50        - (+)929.5    (+) 3335.17         (+) 5471.50         (+)18682.84            (-) 1259.00

 Mar. 1997            2329.00        - (+)2329.0   (+) 8354.21         (+) 7800.50         (+)27037.05            (-)  345.00

---------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------
                    Foreign Currency (US $ Milli   Rs.equivalent         Cumulative                            Outstanding Net
       Month        ----------------------------  at contract rate   (over end Mar 1997)                      Forward Sales (-)/
                    Purchase  Sale        Net        (Rs. Cr.)      -----------------------------------------    Purchase (+)
                       (+)       (-)      (+/-)                       (in US $ Million)    (in Rs. Crores)      at the end of
                                                                                                             month (US $ Million)
---------------------------------------------------------------------------------------------------------------------------------
         1              2         3          4           5                    6                   7                   8
---------------------------------------------------------------------------------------------------------------------------------
 1997-98

 Apr. 1997             641.00        - (+)641.00   (+) 2297.34         (+) 641.00          (+)2297.34             (+)  25.00

 May  1997            1759.00   366.00 (+)1393.0   (+) 4960.03         (+)2034.00          (+)7257.37             (+) 112.00

---------------------------------------------------------------------------------------------------------------------------------
 (+) implies purchase         Note: This table is based on value dates.
 (-) implies sale

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